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. Glenbow Museum Annual Report 2006/07

Vision: Glenbow is the pre-eminent regional museum of the Canadian West, Chair’s and President’s Message for Annual Report: 2006/2007 celebrating its art, dialogue and history with diverse audiences. Glenbow’s exhibits span local, national and international themes, and include a Twelve more months in our 41 year history have history are now becoming a matter of permanent dynamic virtual presence beyond its walls. Rooted in our eclectic collections now sped by, and our restless spirit of innovation public record. Core to the innovative approaches and stewardship continues. On March 24, Mavericks: present in the exhibit is Aritha van Herk’s book of the and our entrepreneurial tradition, we set standards for museum practice An Incorrigible History of Alberta permanent gallery same title. Together book and exhibit demonstrate opened, on time and on budget as our contribution the synergy of the printed word and museology. to the celebration of Alberta’s first 100 years of The exhibit is further enhanced by superb design, and contribute to attracting and retaining the best citizens for Calgary.. provincehood. Simultaneously during the year we also community research, mavericks’ family support, and completed an extensive review regarding a potential strong new media applications. All told, Mavericks is Mission: The strength of Glenbow Museum lies in its eclectic collections, opportunity to relocate to a new facility. At the end a history feast, now served daily to Glenbow’s visitors. of the day we declined participation in the project, focusing specifically on Canadian and Asian Art, Cultural History, Military but we learned much in the process, and the search The year long negotiation for a potential relocation for a new “Enhanced Glenbow” will continue. The saw Glenbow’s Board, community representatives, major Glenbow Board decision of the year was the senior management team, staff and a small group of History, Ethnology and its Library and Archives of the West. In addition, embrace of Art, Dialogue and History as our new five consultants combine efforts to see if an innovative 03 year strategic roadmap focus. A new Board governance public/private partnership could be struck. We pioneered these collections are increasingly accessible in new media to a broad global system is now in place to ensure our success. Finally, research on the attributed value of cultural adjacency,2 Glenbow completed another strong year financially, traveled to London, England with Calgary Mayor Dave audience beyond our building. The Centre for Dialogue provides Glenbow with a surplus on operations of $14 thousand, and Bronconnier and Alderman Druh Farrell to meet with a March 31, 2007 Endowment Fund balance of Lord Foster’s architectural team, and crunched the $33 million. Looking back, fiscal 2006-07 was rich in numbers to evaluate the five year sustainability of with opportunities to conduct deep and respectful discussions with the achievement, experimentation and critical thought about Enhanced Glenbow in a new venue. At the end of the our operations. Collectively we grew as an institution, day Glenbow’s space and philanthropic sponsorship public on major contemporary issues. In combination, Art, Dialogue and and Mavericks became our new Calgary brand. needs were more than we felt the deal could permit. We learned, however, a great deal about the sustainability History drive the work of Glenbow to reveal the past, understand the Taking these achievements in order, the Mavericks of our operating model; we carefully thought through gallery involved a total of 175 Glenbow staff at its our design and programming needs; and we benefitted peak, represents a $12 million commitment on behalf from the insights of many community representatives present and forecast the future. of the Provincial and Federal governments, the private who participated in the study. While we were constructing sector, and individual philanthropists, and was four Mavericks and negotiating for a potential new venue, years in the making, from concept to opening. We we were also operating the existing Glenbow, with celebrate 48 women and men whose “mavericity”1 help from Egypt, Greece and Rome: Art of the Ancient is pronounced, and whose contributions to Alberta’s Mediterranean World which we booked from the

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. Glenbow Museum Annual Report 2006/07

Boston Museum of Fine Arts for a one year term. biblical story of creation. Women swooned, horses Thanks to the show’s strong popularity we were able reared in the streets, and fist fights ensued on the to avoid dark weeks (downtime between feature boulevard after the event, which ultimately ushered exhibitions), allow maximum staff focus on Mavericks in the Victorian era’s spirit of scientific rationality. construction and installation, and continue to serve Where better for this to have occurred than a museum? the needs of 148,848 visitors, of whom 48,129 Over the next 12 months Glenbow will also begin to were students at various levels of Museum School. develop a Centre for Dialogue in its theatre, a permanent In addition, Knowledge Management Director Kirstin art gallery space for its collection, and work to continue Evenden was appointed during the year to develop its already strong history focus. Altogether we will a broad reaching new media, publishing and rights create Art, Dialogue and History at Glenbow Museum. management portfolio for Glenbow. Ending the year with a small financial surplus, and keeping all the In 2006 we welcomed George Bezaire, Richard Cormack, doors open during total reconstruction of 24,000 Anne Crawford, Richard Shaw and Michael J. Robinson 04 square feet on the third floor was proof of our strong to the 18 member strong Board, and further new Board team spirit and management focus. We thank all the members will join us in September 2007 when Terry staff for such special extra efforts this year, when all Allen and Rod Green complete their terms of service. of Calgary was also caught up in a civic construction The constant process of reinvigoration is a signal and economic boom. component of our commitment to keeping Glenbow current and reflective of Calgary’s place in Canada. We embraced Art, Dialogue and History this year as our focus in becoming western Canada’s museum for Our efforts in 2007 will be directed at bringing the the 21st century. The Dialogue piece is still confusing same emphasis to art and dialogue as we do to history. to some, but will soon become crystal clear. Museums We look to you, our visitors and members, to add are places of public trust; dialogue is based on deep your eyes to this process, and to travel with us to and respectful listening and questioning convened a mutually desired future. 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 May 14, 2007 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

3 Charles Darwin, the intended speaker, was confined to bed with a bad cold. Michael P. Robinson, C.M., President and C.E.O. Ian Bourne, Board Chair Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Glenbow Museum: A New Gallery, A New Direction

Mavericks: An Incorrigible History of Alberta

It took four years, 175 people and $12 million to area, allows museum explorers to track David Thompson’s • A “film noir” docu-fiction presented in a custom- create, and on March 24, 2007, Glenbow Museum’s famous and arduous treks across the barren prairie, built theatre, exploring the legendary Picariello case new permanent gallery, Mavericks: An Incorrigible flowing rivers and rugged Rocky Mountains. Visitors History of Alberta opened to the public. Mavericks can even spot where he stopped along the way and the • A full-scale Curtiss JN-4 (Jenny) airplane is the largest and most extensive exhibit Glenbow has posts and forts he passed – all by touching a screen! unveiled since opening in 1976. Inspired by Aritha van Glenbow is embracing technology because we Herk’s book of the same title, this new gallery tells Museum-goers can also experience Alberta’s stories have learned visitors are no longer content to look the story of Alberta through the lives of 48 mavericks coming to life in the palm of their hand thanks to the at artifacts in silent cases. They want to learn by – colourful characters whose tenacious spirits and innovative new multimedia guide called the Mavericks doing as well as seeing, they want history to come enterprising mindsets shaped who we are today – Navigator. One of only two Canadian museums to alive and they want to be engaged in a dynamic, adventurous and hardworking people. utilize this technology in a permanent gallery, Glenbow’s hands-on experience. In Mavericks, they can achieve Mavericks Navigator guides visitors through 43 tour this desire. Mavericks delivers a multi-sensory experience Our new Mavericks gallery signals a new direction for stops as they weave their way through the gallery. that engages visitors of all ages and cultures. Visitors 06 Glenbow. Glenbow is stepping into the future and The Mavericks Navigator brings Alberta’s stories to feel, hear, touch and smell the scents of the times. 07 utilizing new interactive technology on a scale it never life with over two hours of interactive games, video Mavericks moves Glenbow beyond the traditional has before. Visitors can see this as soon as they walk clips, photographs and interviews – not available museum approach. A touch-screen interactive can be found in the Exploration and Fur gallery into the gallery where an almost seven metre wide anywhere else in the gallery! Glenbow’s Mavericks (22 ft.) screen welcomes them. Moving through the Navigator is available in English and French. Closed Glenbow is heading in this new direction because exhibit, Mavericks is layered with cutting-edge audio captioning is also offered. we want to be relevant for everyone, Calgarians, visual features and hands-on multimedia. Three Albertans, Canadians – and for people around the touch-screen interactives are dotted throughout the Other interactive components in the Mavericks world. Through the use of technology, artworks and 2230 sq. metre (24,000 sq. ft.) space, allowing visitors gallery include: artifacts, Mavericks uncovers the story of where we to explore the people and ideas presented in the gallery came from and how we grew into a community, at their own pace. One touch-screen, in the fur trade • A rumbling train car with corresponding train helping visitors build an understanding of where sounds to give the feeling of riding the rails we’re going. Here at Glenbow – we’re proud to be getting this story out to people in ways we • A smelling station where visitors can sniff the never have before. scents of spruce, tobacco, sturgeon oil and hide – complete with an allergy warning

Admiring the photos in the Gushul gallery

1919 Curtiss JN-4 reproduction airplane Glenbow Museum Annual Report 2006/07

Mavericks Opens to the World

It’s said westerners like to party and boy, did they ever awestruck through the gallery, taking in the breathtaking during Mavericks seven opening events! Over three exhibit. One favorite for many was the barbed wire horse thousand people came through Glenbow’s doors to created by local artist Jeff de Boer (see front cover image). celebrate Mavericks unveiling! The life-size bucking bronc dominates the ranching exhibit. The sculpture was inspired by Cyclone, the Media got the first peek at Mavericks during a bucking bronc from the 1912 Calgary Stampede who sneak preview on March 21, 2007. Reporters and threw 129 cowboys before Blood cowboy Tom Three photographers were treated to a rollicking vocal Persons rode him to a standstill. Made from almost four performance by 90-year-old maverick Melvin Crump kilometres (over two miles) of barbed wire, it symbolizes along with interviews with former premier and maverick the end of open range ranching. Peter Lougheed and the families of mavericks Stu Hart and James Mah Poy. Throughout the openings, Glenbow During one of our final celebrations, Glenbow thanked was visited and received coverage from dozens of local, its V.I.P. supporters. Over seven hundred guests 08 national and international media, including CTV News, attended to toast and share in this very special gallery. Citytv, CBC Newsworld, The Calgary Herald, Supporters and mavericks mingled and listened to The National Post, The Globe and Mail, Macleans speeches by Glenbow president and chief executive magazine and the New York Times. officer, Mike Robinson,Mavericks project manager Michale Lang, author Aritha van Herk and federal and Glenbow welcomed hundreds of curious visitors to our provincial sponsors. Many also took the opportunity Public Grand Opening on March 24, 2007. Enjoying free to explore the gallery and learn the spectacular stories admission all afternoon, throngs of people wandered of our province and its people.

(L to R) Glenbow supporter Per Asplund, Cary Asplund, maverick Melvin Crump (L to R) Calgary Herald reporter Stephen Hunt interviewing maverick Peter Lougheed and Beau Asplund (Opposite page) A sampling of our Mavericks gallery press coverage Glenbow Museum Annual Report 2006/07

Glenbow Reaching Out in a New Way

Mavericks Collections Online! Bringing Glenbow to Students Art, Dialogue and History

Nearly 50 thousand students visit Glenbow Museum Glenbow is also adopting a new Art, Dialogue and History The Mavericks Digitization Initiative was completed this year - so now people can access our collections material every year. To enhance their experience Glenbow has philosophy to promote a different kind of museum featured in the new gallery – online. Over 400 images were added to Glenbow’s website after being carefully completed 50 Mavericks-themed lesson plans that are – one that not only displays art and artifacts, but also photographed and documented by our team. Our total online digitized collections (not including our Library available on-line for teachers to consult before and after generates new experiences, knowledge and ideas. and Archives holdings) now stands at 979 records – a feat realized in less than two years. Congratulations to their visit. But what about those students and teachers everyone who worked on this project to help people see what Glenbow has to offer with the click of a mouse! who live too far from Glenbow to ever see our artifacts This year we partnered with the University of Calgary’s and learn from our interpreters firsthand? Well, this Alberta Global Forum to host two evenings of deep year, the museum teamed up with AXIA NetMedia listening and learning: Canada’s Mission in Afghanistan and Grande Yellowhead Regional School Division to and Calgary: What’s Next? teach Glenbow programs – through the Supernet. This is just one more way Glenbow is building on our 10 Between February and March 2007, Glenbow reputation as a venue for exciting ideas, scholarly 11 delivered three pilot programs to 26 grade five students rigour and informed public discourse. 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.

See for yourself at www.glenbow.org Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

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.

Aritha van Herk

12 I am honoured by Glenbow’s choosing to use my The most transformative part of the process of developing interesting and downright irritating mavericks that it 13 unorthodox approach to history as the narrative the gallery was relating to the artifacts associated with was heart-breaking to have to settle for the few that inspiration for this new permanent exhibition. these maverick figures. It is one thing to talk about are featured. And the ultimate challenge of the exhibit a person in the abstract or on the page, and quite is for visitors to locate themselves within this template. In fact, the opening of Mavericks: An Incorrigible another to see a piece of their clothing, or an object Where do they fit in as maverick Albertans? History of Alberta could not have come at a better time. that they used, or a letter that they wrote. There is Alberta is welcoming so many newcomers that now a marvellous intimacy about the collections within One of my favourite mavericks is Frederick Haultain, more than ever we need to remember the patterns of Glenbow and a tremendous power in their resonance. our father of provincial autonomy, who fought so hard our collective memory and how that past is reflected They speak across time to who we are today, an urgent for independence for the Northwest Territories, and in our present-day cultural and social habits. The past conversation right now, when this province is changing who was given scant thanks and little praise for his is a harbinger of the future, and Glenbow’s role in so rapidly. Newcomers to Alberta need to know our work. He wanted the territories to be one big province connecting the past and the future is a key element legends and our influences, and this exhibit will called Buffalo. Imagine how powerful we would be of this city’s cultural energy. Most of all, Mavericks demonstrate our historical make-up and its relationship now, if he had gotten his way. Without him, Alberta and celebrates the unpredictable aspects of Alberta’s to why we are who we are. Saskatchewan would have taken much longer to gain nuanced history. Visitors will, I hope, find themselves provincial autonomy. Haultain is a powerful inspiration unable to resist the good, the bad, the brave and the The most difficult part of the process was having to to us because he fought for what he believed irascible – the mavericks that we are. settle on the limited number of characters that are in in and he ultimately had a tremendous effect the exhibition. Alberta’s history is so rich with unusual, on our living history.

Aritha van Herk June 15, 2007 Glenbow Museum Annual Report 2006/07

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.

Michale Lang

14 Just as the 48 unique individuals featured in History of Alberta is not so much about a single Mavericks: An Incorrigible History of Alberta significantly innovation as it is about the creative application of altered Alberta, a talented team of Glenbow staff and innovative practice throughout exhibit development. contractors altered Glenbow Museum by completing the exhibit on time and on budget in just over two Michale Lang years. Alberta author Aritha van Herk was a central June 15, 2007 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 Glenbow Museum Annual Report 2006/07

In developing the Mavericks gallery, we looked to the mavericks themselves Melvin Crump Regina Cheremeteff for inspiration. We wanted this gallery to be innovative – just like many of Music was the bridge Melvin Crump built between Regina Cheremeteff invented herself as the Madame black and white. of Russian ballet in Calgary.

our mavericks were during their lifetimes. The Gushuls are just one example First trained in saxophone, Crump’s lungs couldn’t Cheremeteff had danced to support her family from take the strain and he switched to drums. Their rhythmic the age of seven. She married a Russian aristocrat, of this. The husband and wife photography team from the Crowsnest Pass beat accompanied his trips across country as a Canadian trained as a Cossack trick rider and survived Russian Pacific Railway porter. troops invading her school in Berlin. She arrived in Canada in the 1950s with $7 in her pocket. Without had to be innovative to do their job in such an isolated area. They made Musicians worked full time and played full time. Jazz money to hire professionals, she remodeled her Eighth clubs were always located close to the railway tracks Avenue studio herself, knocking down walls, ripping camera equipment from items like lard pails and truck lights. Another and, on trips to Montreal or Vancouver, Crump would up floors and screwing ballet barres into the walls. sit in with the best musicians from the United States and Presiding over countless bends and splits, Cheremeteff example are the Csavossys. The brothers were amongst the first to fly. Canada. He was one of the first Blacks to play with White demonstrated dance for students eager to perfect their musicians, no small matter in the segregationist 1950s. steps. She claimed they would learn in one year from her what would take three years elsewhere. Josef even owned a Gypsy Moth airplane – during a time when flying Closely tied to his music was his commitment to the Uncompromising, every inch a survivor and inspired by rights of African-Canadians. Once insulted in a Montana a finely honed rage, she poured her heart into dance. 16 a plane, let alone owning one, was like being an astronaut today. restaurant, Crump led a group of “coloured” porters 17 She smoked Sweet Caps, drank and danced to the end out and returned with someone who could demand of her life. And although she attracted fewer students that they receive service. He was president of the All of the mavericks in our new gallery were innovative and embraced when her method went out of fashion, Cheremeteff Alberta Association for the Advancement of Coloured put two generations of Calgary ballerinas on their toes. change in some way; they wanted to break out and do things differently. People, and he refused to work on trains traveling south of the border if Blacks encountered racism.

We at Glenbow are also changing – making history more engaging, more Melvin Crump travelled Canada from sea to sea, but jazz was his imaginative destination. inclusive, more dynamic; just as the mavericks who are featured in our

Melvin Crump performing with Kashmir’s Jazz Jam (detail), Calgary, Alberta, ca.1980s, Madame Regina Chermeteff and pupil at Calgary Russian Ballet School, Calgary, Alberta., gallery made their mark – we want to do that too. Enjoy meeting two Collection of Glenbow Archives, PA-3439-8. ca.1980s, Collection of Glenbow Archives, NA-4894-9 of them right now – the following text is from the Mavericks gallery, written by Aritha van Herk. Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Current & Upcoming Exhibitions

Belonging: A Place for Everyone and photographs. Carr’s most famous works are featured Honouring Tradition: Reframing Native Art June 30 – September 30, 2007 in this exhibition, covering the breadth of her career. February 16, 2008 – September 28, 2008 Celebrate Canada’s diversity with five unique exhibits This groundbreaking exhibition presents Carr’s life and First Nations people have always had a strong connection that showcase our country’s multiculturalism: work from several different perspectives. It includes a to “art” and many in the past made it a part of their partial reconstruction of a 1927 landmark show where daily lives. They wore art; they lived with it; and they Quilt of Belonging features a hand-made 36 metre Carr was “discovered,” and her subsequent and long (120 feet) quilt representing every culture and used it to explore the world of their ancestors and the spectacular development into a powerful and expressive spiritual realm to which they belonged. First Nations group in Canada. modern artist. It also examines Carr’s connection to the Celebrating Prairie Cultures is a Glenbow produced landscape, the First Nations people and her influence in the Art continues to be an important part of people’s lives. exhibit showcasing garments, footwear, quilts and development of cultural tourism on the northwest coast. Contemporary artists, both established and emerging, coverlets that share the stories of First Nations and continue the tradition of using art to reflect their Emily Carr is the most written about and celebrated experiences and to comment on their situation in the world cultures that have made their home on Canadian artist of all time, a phenomenon which is the Canadian Prairies. society and in the world. Their art explores the unique 18 explored in this brilliant exhibition, organized by the relationship First Nations have with this country and with A Joyful Harvest, developed by the Jewish Historical National Gallery of Canada and the Vancouver Art the newcomers who now inhabit it. Society of Southern Alberta, celebrates more than Gallery. Glenbow Museum is the final stop on 100 years of the Jewish experience in the province. a successful national tour which included showings This exhibit brings “Aboriginal Art” to both the items in Ottawa, Vancouver, Toronto and Montreal. in the exhibit and to the people who experience them. In AMANTEA: Personal and Public Lives, artist Gisele Many of these items have been in storage for decades. Amantea examines the lives of Italian communities As they move from the cabinets to the exhibit space, in western Canada in two art installations. DREAM: A Tale of Wonder, Wisdom & Wishes they are given a breath of fresh air. Their spirit is ImaginASIAN Photo Exhibition: Convergence and August 18, 2007 – June, 2008 reawakened and their history is renewed. Once more, Disturbance is a touring photo exhibit which profiles they can connect with people and share their stories. the people within the Asian-Canadian community Dream: A Tale of Wonder, Wisdom & Wishes features that have shaped our city, province and country. amazing original artwork created by 15 top children’s illustrators from five countries, including Governor General’s Award winner Barbara Reid and two-time Emily Carr: New Perspectives on a Canadian Icon Caldecott Medal winners Leo and Diane Dillon. October 27, 2007 – January 27, 2008 Come see everything from watercolour and collage to digital and plasticine pieces. This is the first major exhibition of Emily Carr’s work to be shown in Calgary. Emily Carr: New Perspectives on The exhibit is based on the award-winning bestselling a Canadian Icon features nearly 200 objects by Carr children’s book Dream by Susan V. Bosak which and others, including paintings, drawings, watercolours, tells a multilayered, poetic story about hopes and dreams across a lifetime. It has won a remarkable Images top to bottom: Emily Carr, Among the Firs (detail), ca.1931, oil on canvas, Gift of caricatures, ceramics, sculpture, hooked rugs, books, maps Shirley and Peter Savage, Calgary, 1990, Collection of Glenbow Archives; Details of quilt blocks, 11 national awards. essay and photos. Quilt of Belonging, edited by Esther Bryan. Photograph by Ken McLaren. Glenbow Museum Annual Report 2006/07

Feature Exhibitions & Program Highlights

Egypt Greece and Rome: Art of the Ancient Variations: Holgate, Group of Seven Mediterranean World and Contemporaries June 30, 2006 – June 3, 2007 March 18 – June 4, 2006 Egypt, Greece and Rome: Art of the Ancient Variations featured many of Canada’s most beloved Mediterranean World presented more then 200 and well-known artists from the first half of the 20th works from the renowned collection of the Museum century. Edwin Holgate: Canadian Painter, from the of Fine Arts, Boston. The objects span a period from Montreal Museum of Fine Arts, was the first major pre-dynastic times in Egypt, over 5,000 years ago, retrospective on Holgate, best known for his nudes in to the Roman late imperial period, about 350 A.D. the landscape and his remarkable portraits. Beyond the Art of the Ancient Mediterranean World reveals Group of Seven from Glenbow’s collection compared how Egyptian, Greek and Roman civilizations the pursuits of the many other artists who were over- influenced one another throughout their histories. shadowed by the Group’s popularity. Art and Society 20 The Mediterranean Sea allowed for interaction of in Canada, 1913-1950, from the National Gallery of people through travel and trade thereby allowing Canada, featured works from three of Canada’s most cultures to interact and become influenced by one distinctive art movements: the Group of Seven, the another and resulting in new artistic styles. Social Realists and Les Automatistes.

Foster and Partners: Works Nitsitapiisinni: Our Way of Life - The Blackfoot Gallery February 18 – March 31, 2006 Permanent gallery Foster and Partners: Works presented the exciting Glenbow visitors continue to enjoy learning about the designs of London, England-based Foster and Partners, Blackfoot people’s rich and powerful history. Sharing a leading international studio of architecture, planning the third floor alongsideMavericks , Nitsitapiisinni: and design. The exhibit included 27 architectural Our Way of Life - The Blackfoot Gallery is an innovative design models, large-scale photographs, sketches collaboration between the Blackfoot Confederacy and and a DVD presentation. Glenbow Museum - where the Blackfoot people tell their own story in their own words. Together with 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, Over the past four decades, Foster and Partners have 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; Glenbow staff, they have created an exhibition that 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 created some of the most original architectural designs captures the essence of the Blackfoot way of life. Great Court at the British Museum, London, England, 1994-2000, Foster and Partners. around the world. This award-winning design firm is a global practice with projects in 50 countries. Their Audio stations share traditional stories and personal work ranges in scale from the largest construction experiences recounted by Blackfoot team members project on the planet, the Beijing International Airport in both Blackfoot and English. Learn about Blackfoot to furniture. Foster and Partners is the architectural culture; find out about Blackfoot life before contact firm retained by EnCana for its new corporate head- with Europeans; understand how contact with western quarters complex in downtown Calgary. settlers forever altered their lives; and discover how contemporary Blackfoot descendants are preserving their culture and traditions. Glenbow Museum Annual Report 2006/07

148,848 visitors, 1,681 highest daily attendance, 4,270 students participated Operating Revenue (%) Glenbow: An Entrepreneurial Museum Glenbow Museum is one of Canada’s most entrepreneurial in the ChevronTexaco Open Minds Museum School, 48,129* students museums generating nearly 70% of its revenue from 8% fundraising, sponsorships and admissions. Thanks to the 9% 31% community’s generous support, Glenbow continues to took part in school programs, 70 participants attended teacher workshops, showcase a variety of dynamic exhibitions and a broad collection of artifacts, art and historical documents. 11% 225 volunteers contributed in excess of 28,000 hours (not including volunteer 26% 15% Government Support hours for Glenbow’s Board of Governors), 340 gifts of cultural property were Glenbow Museum gratefully acknowledges the financial and in-kind support from the Province of Alberta, donated with a value of $4,132,621, there were 1,205 new purchases valued Fundraising $ 4,071,898 31% Government of Canada and the City of Calgary. Government of Alberta 3,379,000 26% Investment Income 2,029,382 15% In 2006-07, Glenbow continued operating under a three- *This number reflects students, teachers, teaching assistants, City of Calgary 1,388,882 11% at $82,979 added to the collections school volunteers, student teachers and outreach programs year fee-for-service contract with the Province of Alberta Commercial Activities 1,160,295 9% Admissions and Memberships 1,051,628 8% which saw a 17.3 percent increase in funding directed to the care, maintenance and access to the collections that TOTAL $ 13,081,085 Glenbow holds in trust for the people of Alberta. The Website Statistics Attendance at Glenbow Museum Province, along with the Federal Government, is also the 22 (May 3, 2006 to March 31, 2007) Operating Expenditure (%) major funder supporting the development of Mavericks: 23 An Incorrigible History of Alberta. Through the Ministry Paid Admissions of Tourism, Parks, Recreation and Culture, other provincial Total visitors 1,258,215* General attendance 71,443 5% Ministries, and the Federal Departments of Canadian 6% Average visitors per day 3,437 Glenbow members 13,123 29% Heritage and Western Economic Development, Glenbow Revenue generated $89,772.00 Group visits 4,876 8% receives support for ongoing operations, capital projects, * This number reflects a 34% increase over the School programs* 48,129 and strategic planning and development initiatives. previous year in 2005/06 Special events 2,555 11% Municipal funding comes in the form of janitorial, 28% 13% maintenance and utility services the City provides at no total Paid Admissions 140,126 cost through the Telus Convention Centre, and through Library and Archives Statistics * This number includes ChevronTexaco Open Minds Museum grants from the Calgary Arts Development Agency School, Museokits and onsite and offsite programming which support Glenbow’s ongoing operations. Phone inquiries 2,351 Program and Exhibit Development $ 3,753,351 29% Email inquiries 1,974 Core Services 3,708,977 28% Non-Paid Admissions Commercial Activities and Fundraising 1,641,862 13% Glenbow Membership Mail inquiries 71 library & Archives 2,593 Building Maintenance 1,435,429 11% Glenbow’s membership program continues to enjoy Fax inquiries 28 Collections Management 1,107,428 8% consistent growth. Glenbow members are an important other non-paid admissions 6,129 Depreciation & Amortization 786,531 6% Average online visitors per day 465 part of our success, championing our cause in the Library and Archives 633,655 5% community and offering financial and volunteer total non-paid admissions 8,722 TOTAL $ 13,067,233 assistance here at the museum.

Grand Total Admissions 148,848

Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Edna Bakken Donna and Greg Horton John and Robin Sparks Estate of Marjorie Budd Glenbow Museum relies on community participation to achieve excellence in its exhibitions, Mary Barr and Jim Allard Gary and Alix Jackson St. Andrew - Caledonian Society Canada Helps programs, events and services. We receive meaningful support from our members, donors, Mr. and Mrs. Edward G. Battle Clarence and Madeleine A. Johnson of Calgary Canadian Society of Hyman and Jenny Belzberg Robert Keil and Patricia Steele Ronald Winkelaar and Sue Stanford petroleum Geologists volunteers and other partners. Glenbow is proud to acknowledge the significant contributions Hazel Bennett James and Shelley Keough Neil and Donna Stephenson Kate Challenger David Bernatchez Aubrey Kerr Liane and George Stevenson Bill Chester made by the following supporters for the period from April 1, 2006 to March 31, 2007. George and Colleen Bezaire Michael Klym and Kristi Kasper Joe Struck and Bev Longstaff David and Gay Claydon Michael Binnion Joe Konrad Continuous Technicoil Corporation Dianne Cleare Larry and Ruth Birchall Contribution Fund Telus World of Science and ConocoPhillips Canada Masters Gallery Ltd. David and Leslie Bissett Fund FFWD Weekly BKDI Architects Phyllis Konrad Creative Kids Museum George and Sheila Crawford $500,000 + Nan and Edward Bredin Marjorie Lefaivre Donald and Arleen Thompson endowment Fund at Bumper Development Corporation Ltd. The New Sun Fund at at The Calgary Foundation Franklin Templeton Investments Michele Nowak and Lloyd Buchanan Robert and Tanis Lefroy Sharon Thorogood the Calgary Foundation Government of Canada as part of the Calgary Foundation Don and Marlene Campbell Wilf and Marg Gobert Richard S. Buswell Charles and Natalie Letourneau Louise M. Travis John F. Crossley the Government of Canada Pattison Outdoor Group Cascade Resources Don and Kim Gray Calgary Exhibition and Stampede Earl and Dorothy Lomas Randy and Beth Vander Voort Desk and Derrick Club of Calgary Centennial Initiative in Alberta Petro - Canada Karen and Lauchlan Currie Jim Hall Calgary Fort Calgary Lions Club A. Webster and Cynthia MacDonald Dr. Greg and Mrs. Lori Waslen Nicole Dunsdon and Patrick Kryczka through Western Economic RBC Foundation Joanne Cuthbertson Harley and Rebecca Hotchkiss Calgary Public Library Louis W. MacEachern Elizabeth Wattling Foresters Calgary Chinook Branch Diversification Canada TransCanada PipeLines Limited and Charlie Fischer Irene Kmet and Donald Wetherell N. Murray and Heather Edwards Michael and Madelyn Lang Matthew Campbell Lawrie and Diane Mack Deborah Yedlin and Martin Molyneaux Robert and Margaret Fraleigh $10,000 + Faithful Companions of Mike Lennox Christie’s Fine Art Auctioneers James A.N. and Dora Helen Mackie Brad and Tanya Zumwalt Bob and Joyce Geldreich $100,000 + MacEwan Family Charity Fund Cillis/Arcovio Family Mischa Madsen Hannelore Gewers Anonymous Jesus Christian Life Centre Anonymous at The Calgary Foundation Ziva and Noah Cohen Ken and Lynn Martens John Grant The Alberta Foundation for the Arts GlobalFest $750 + Alberta Lottery Fund, J.F. Mackie and Company Gerald Conaty and Gwyn Langemann Rod McDaniel Renie Gross Alberta Museums Association Paulette and Sid Greenner Anonymous Community Initiative Fund F. Richard Matthews Connacher Oil and Gas Limited McLeod Family Senator Daniel and Mrs. Kathy Hays The Bergh Family Dick and Lois Haskayne Bumper Foundation BP Canada Energy Company Dorothy and James McLeod Anne S. Crawford Joan and Colin McPhee Milt and Linda Hohol Heather and Ian Bourne Don and Denise Herman Anne Burke Calgary Arts Development Authority Jean Merriman Ken W. and Joan Crowshaw Peter McPherson Brian and Barbara Howes The Calgary Foundation Gordon and Sylvia Jones Calgary Exhibition and Stampede CBC/Radio - Canada J. Sherrold and Patricia Moore Thomas and Mary Cumming Gerri Murphy Beverley Hrenewich and Gloria Filyk Canadian Heritage, Canadian Arts and Bill Laing Historical Committee EnCana Corporation Archie and Christine Nesbitt Rhonda Wishart and John Cuthbertson John and Karen Murphy Michael A. Hurst Heritage Sustainability Program Macleod Dixon LLP Delton and Donna Campbell Imperial Oil Foundation Hilde and Reiner Patuschka Martin and Kathleen Davies Ted and Margaret Newall Shubha Karsanji Canadian Natural Resources Limited John Nesbitt David and Kathryn Carey Infrastructure Canada - Petroleum History Society Jocelyne Daw and Robert Page New Zones Gallery of Howard and Frances Kaye Richard Corso Leigh Pullen Curly and Doris Galbraith 24 Alberta Program Pirie Foundation Dr. Evelyn de Mille Contemporary Art Gerald L. Knowlton 25 Devonian Foundation Bob and Pat Steele William and J. Louise Gant The Kahanoff Foundation Leon J. Plotkins Ken and Alison Delf Graham and Carolyn O’Connor Brian and Shirley Langan Katie Gallagher Muriel Stewart Timothy and Elaine Godfrey Nexen Inc. D. Miles Price Lisa Difrancesco and Doug Demetrick Michael, Janice, Christopher Harry M. Lewis The Jarislowsky Foundation Stikeman Elliott LLP Jim and Joanne Hawkes Randal L. Oliver Rocky Mountaineer Railtours Gerald and Kathy Deyell and Robert Owen Bill and Corinne Macdonald La Caille Fifth Avenue Inc. David and Carolyn Tavender Dave Lefurgey Diana Rozsa Dori and Jim Doucette Sherry Patterson and Donald Meldrum James F.N. and Brenda Mackie Allan P. Markin TELUS Jean Leslie Leonard and Faigel Shapiro Family Arthur and Bonnie Dumont Bill Peddlesden Joan MacMillan $50,000 + Barbara McMorland Bill and Jean Toole Family Donor Anne McKenzie Fund at The Calgary Foundation EPCOR Rob, Ruth Peters and Family Fred and Dixie McCall Stanley Borenstein David and Gail O’Brien Advised Fund at The Calgary Don McLeod Richard and Mary Shaw Verna Jean Fairbrass Phillips Hager and North Hugh McTavish and Greg Mutt Burnet, Duckworth & Palmer LLP Harold and Joan Rainforth Foundation Guy Milner and Roger Helfrick Donald Smith and Nancy Townshend Felesky Flynn LLP Investment Management Anne Meininger The Calgary Herald Rally Energy Corp. Where Calgary Ewa Newman Michael and Caron Stewart FirstEnergy Capital Corp. Erna-May Pierce Olympia Trust Company Canadian Heritage, Museums Jill Rawlinson Wiebe Forest Engineering Ltd. Thomas and Patricia Rainwater Table Talk Fortis Alberta Pittman, MacIssac and Roy Optimist Club of Calgary Assistance Program Robert Austin and Darol and Ev Wigham James and Janice Shea Trico Homes Inc. Brian and Uta Fox Questerre Energy Corp. Rod Paulin Centurion Energy International Inc. Susan Elizabeth Scott Phyllis Taylor United Way of Calgary and Area David and Annie Freeze Robert and Sharon Quinn Aileen Pelzer Chevron Canada Resources Shell Canada Ltd. $2,500 + YMCA of Calgary Lawerence W. West Family Fund Cos and Eleanor Gabriele H. E. Beth Rankin William Pepler & Phyllis Kane Pamela Clark Joan Snyder Anonymous at the Private Giving Foundation John and Eddie Gareau Greta Raymond and Darrell Myroniuk Maureen Poscente Donald and Shan Cross Sundog Printing Ltd. Ruth Barker $500 + Enbridge Inc. Wigham Resources Ltd. Barbara E. Gates Dr. Brian and Mrs. Mary Ann Reeves Thomas and Patricia Rainwater Thep Thavonsouk Andrea Binmore-Brussa Anonymous Hyatt Regency Calgary Wanda Godwin Gordon and Robyn Ritchie Mike and Fran Reid Lynn Webster and Michael Robinson James and Susan Buckee Active Environmental Services Evan Penny Rod and Lois Green Dr. Michael J. and Hedy Seaborn Geoff Burtonshaw $1,000 + Alberta Registered Music Teachers’ Virtual Museum of Canada Glynis Grigg Mrs. Catherine Robinson Clarice Siebens $5,000 + Canadian Centre for Energy Anonymous Hamilton Hall Soles / Vera Ross Association Perry and Geneva Spitznagel Fred and Carol Abbott Advanced Parking Systems Ltd. Information Ray and Berndtson Mary and Mary Christina Barry R. Aldred Brian and Debbie Stahl Elizabeth and Bob Andrews $25,000 + Alberta Tourism, Parks, Recreation Janice Clarke Robin Harvie Rozsa de Coquet Janet Amy Gerald and Joyce Sykes Brenda Andrews ARC Financial Corporation and Culture: Historic Sites Copy Zone Dr. John R. Hemstock Harry and Joanne Schaefer David Ballard William and June Tye Arabia Adorned Belly Dance ARC Resources Ltd. and Museums Coril Holdings Ltd. Shairole Henchall and Malcolm Albery Leanne Sereda and Larry Barkley Benevolent and Protective Arthur and Betty Ward Academy Canadian Heritage, Canadian Terry Allen and Rhys Renouf Edmond G. and Maureen Eberts Robert Herringshaw Ramsis Shehata, Krupp Canada order of Elks, Lodge #4 Lisa Welikovitch and Mark Paidra The Art of Hardware Inc. Culture Online Program Berkhold Family Foundation ESI Energy Services Inc. Dr. Margaret P. Hess Marion and David Shill Russell and Jane Braathen Marshall and Joan Williams Ruth Atkins Marion and Gordon Dixon Calgary International Film Festival Evamy Family Flow-Through Fund Len and Julia Holman Ronald and Margaret Southern James and Evelyn Brown Jeff and Korean Whitney at The Calgary Foundation Barbara J. Baker Glenbow Museum Annual Report 2006/07

$250 + Barry and Maida Evans Grant and Lauri Los Dr. Susan Rees and Dr. Edmund Barker Anonymous Susan and Alan Eyre Peter and Jeanne Lougheed Moness Rizkalla and Susana Bustillo Francisco Alaniz Robert and Norma Farquharson Dr. E. W. Paul Luxford Ernest F. and Adele Roberts Dennis and Patricia Anderson Bonnie and Michael Farris Manitoba Metis Federation Inc. Rockyview School Division Hilary and Tony Argento Gloria Fedirchuk Wes Martin and Gail Howat Stephen and Theresa Romansky Association of Retired Joy and Cornelius Fehr Kim and Deborah McCaig Michelle Seaman postal Employees Clem and Lynn Feldmeyer Susan and Richard McCowan Dr. Thomas Shackleton Chris and Vicki Baker Vickie Fischer Norman McDonald and Kathy Smith Viviana and Venessa Shaneman Ross and Nancy Barrett Geraldine I. Fish T E and S M McDonough Gloria Sherbut Beulah and David Barss D. Anne Fitzpatrick David and Sophie McGoey Robert Skitmore and Margaret Bawden Gregory J. Forrest and Margo Helper Linda McGregor Bonnie Ramsay Skitmore Hank and Beverly Bayle David and Beverley Foy Robert and Patricia McGrory Kenneth and Barbara Smith Tannis Betts Ron and Aileen Freeman Sheila and Bill McLaggan Steve and Carolyn Soules David Biggar Louis and Lorene Frere Howard and Janet Mclean Judith A. Sproule Shari Boese Donald Gardner Kenneth McMillan Spencer Stevens Ken and Linda Bolstad Pierre Gendron and Shelia Stewart Bruce and Barbara McNeil G. C. Stevenson Susan and William Bradley Richard L. and Julie George Gordon and Janice McTavish James and Lorna Stewart H.A. (Sandy) Bruce Stephen and Lynne Gibson Bryan and Christine Meaden Claudette Stiven Ray and Raenelle Bruegeman Ned E. and Lyn Gilbert Tom and Anna Meagher Barry Styles and Roy and Ellen Budd Greg and Roxanne Glenn Bruce Miles Catherine Bagnell Styles Peter Burgener GM Bain Real Estate Services Ltd. Nancy Millar Charles and Kathy Sunberg James and Jacqueline Burke Bill Gordon and Sandy Evans Dr. Donald and Mrs. Joyce Moore Robert and Jeannette Sutherland Gail Burton James Gough Michael and Barbara Morin Thomas and Carol Sydnes Angela Byrne Glenn and Claire Gradden Sally Mountjoy and Daniel Harper Matthew Symmes Allan Carswell and Donna Yakimishyn Robert and Laurie Griffin Ruth B. Mowat Barry and Fay Tate Patrick and Marie Anne Casey C.R. and Eleanor Guest David Murphy Stephen and Loretta Taylor Doug and Vicki Cass Brian and Christine Hall Joan Myles Robert and Marni Taylor Tori and Shane Healing Paul Neave and Ingrid Geppert Dave and Martha Taylor 26 John and Ann Casson Nadine Charman James and Linda Herbert Dr. Rowland Nichol and Teamsters of Canada Rail Financial Review Robert and Beverley Child Paul Hewitt Dr. Laurie Pereles Conference Kim and Julia Chua Fraser and Michele Horne Bernice Niemeyer Ann Ten Pierik 28 Management Discussion and Analysis | 34 Management’s Report John Earle Clark and Carol A. Ruzycki Daniel Hoshwa Dr. John and Mrs. Margaret Noakes Cathleen Thoms and Tim Phillips Robert and Yanka Cochrane Alan and Virginia Hunter Cara Olynyk and Andrew Graham Helen Thomson Joel and Pat Cochrane Chandra and Ila Jadav Elsie Ostergard Nils and Sonya Tiltmann 35 Auditors’ Report | 36 Balance Sheet | 37 Operating Fund Statement Dr. Martha Cohen Jan and A.C. Jansonius Jeff and Karen Parker Marie-Louise Tomas Bernice Jensen Tom and Lesley Parker and Lawrence Bernstein Sharon Cook and Arden Aldridge 38 Statement of Operations and Changes for Endowment and Designated Fund Balances Brian Craig and Shelley Kuipers Peter Johnson and Erin Thrall Kevin and Alexandra Parkins June Townley Jay and Lucy Cross Owen and Joanne Jordan Dr. Diana Patterson Joy Tozer Mark Crossfield Karen and Kimberly Kadatz James and Cheryl Peacock Jim and Anne Valentine 40 Statement of Cash Flows | 42 Notes to the Financial Statements William and Laurie Csokonay David Keith and Susan Poole Greg and Karen Pedersen Cecilia Vega David Cunningham Stephen Kelba and Karin Coles Dr. Chris and Mrs. Betty Penney Glenn Watt and Kathleen Tighe V. A. Cuthbertson Dan and Wendy Kennelly Tietje Piera John Weidlich Jo-Ann de Repentigny John and Maria Kimber Frances A. Plaunt J. Graham Weir and Penny Weir and Denis Couturier Tim and Darlene Kitchen David Ponte and Patricia Quinn Dr. Lisa Welikovitch Walter and Irene DeBoni Kathleen Korda Mike and Skye Port and Mr. Mark Paidra Roland Dechesne and Tammy Dugan Ryszard and Sylvia Kowalewski James and Jean Porter Gene West Art and Marguerite Dixon A. Ronald and Barbara Law Princeton and District Museum Dianna Wilde Mike and Frances Dodds Dan and Darlene Lebenzon and Archives Frank and Carol Wiskar John Duckett Loring and Ellen Lee Ross and Sharon Pritchard Shirley Wolfe J. Bruce Dunlop Patricia Lee Terry Rahbek-Nielsen John and Sol Wright Dr. Jos and Mrs. Margaretha Al Cushing and Linda Leon and Mads Ascanius Hal and Marnie Wyatt eggermont W. Gordon and Catherine Leslie Tasneem Rahim Robert Elias Shan Liu & Dai Wang Ross and Stacey Rayment 2006 – 2007 Annual Report Dale Ellert and Barbara Snowdon Donna Livingstone and Ed Cavell Noel and Elizabeth Rea Current as of March 31, 2007 Lynn Elston and Andrew Boland James Lord Redcliffe Exploration Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Management Discussion and Analysis

The following is a discussion and analysis of the financial condition and results of the Glenbow-Alberta Institute summer of 2007 and recommendations will be implemented later in fiscal year 2008.T he operating revenue withdrawn from the endowment for the years ended March 31, 2006 and March 31, 2007. It should be read in conjunction with the accompanying funds in fiscal year 2007 was reduced by 2.2% in fiscal year 2007. audited financial statements and the other information contained in this annual report. 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.

OVERVIEW Operating ExpenditureS The 2007 fiscal year was another very successful year for the Glenbow-Alberta Institute. During the course of the year: Support services and administration costs include a wide range of functions that impact all operational areas including: all financial reporting • the main temporary exhibit of the year was Arts of the Ancient Mediterranean. This ran from June 2006 to June 2007 and maintained functions, organizational governance, human resources, volunteer resources, information systems and support and new media development, the public’s interest and attention for the duration of its run. facilities maintenance, visitor services, external professional auditors and advisors, and general office supplies and services. These costs • March 2007 brought the completion and opening to the public of the Mavericks gallery. This significant project absorbed most of the showed a very small decrease of only 0.1% since March 31, 2006. This slight overall decrease in operating costs compared to the previous operating resources of the organization for much of the fiscal year. 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 These achievements are consistent with our long-term strategic and operational goals of creating interactive programs and exhibits that our current Calgary job market. Almost 40% of the Institute’s workforce is employed in these support areas and a negotiated settlement of members, visitors and customers want to see, becoming an innovative knowledge centre by providing quality content, refining and building the 3% in the one year collective agreement with CUPE Local 1645 adds significantly to operating costs. 28 collection, increasing and diversifying attendance and revenue sources and strengthening Glenbow’s profile locally, nationally and internationally. 29 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 Operating Revenues third floor. Collections management cares for and maintains the Province’s collection. There was a reduction in administrative support staff and two The Institute works to achieve its vision and goals with strong support and partnerships with the general public, individual and curatorial positions reducing costs in comparison with the 12 months ending March 31, 2006. 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 Fund development and communications includes the personnel and infrastructure costs associated with maintaining and growing our 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 fundraising programs and profile as well as developing and supporting the Institute’s membership program. It also oversees marketing and agreement for the period to March 31, 2009 remains in place. Structured fundraising and donations generated $4.1 million or 34.8% of promotional activities for the organization as a whole and coordinates our publishing program. Costs in this area decreased by 13.6% in operating revenues. This represents a substantial increase over prior years. Grants received from the Province of Alberta’s Centennial grants fiscal year 2007. The most significant factor in this reduction was the need for Glenbow to promote only one temporary exhibit during program and the Government of Canada’s Western Economic Diversification program in support of the development of theMavericks gallery the 12 month period. 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 Amortization expenses remained consistent over the two fiscal years. In 2008 the $5 million dollars of capital construction and exhibit change. This was to allow internal resources to be directed to the construction of the Mavericks gallery and redevelopment work on the development costs for the Mavericks gallery will begin to be amortized and amortization charges will increase substantially. The gallery third floor of the museum. Admissions and membership revenues decreased by 14.5% as a result for the 12 months to March 31, 2007, was complete within days of the 2007 fiscal year end and no depreciation has been charged for this fiscal year. but met reduced targets for the year. A full schedule of temporary exhibits and programs will be reinstated in fiscal year 2008.N ew initiatives are considered on a regular basis to continue to grow audience and revenue sources. Capital Assets 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 Capital expenditures in 2007 totaled $4.9 million. $4.4 million or 90% of this balance was spent on capital construction costs for market values of the endowment funds at the time at which the Board of Governors approves the operating budget. This strategy has been the Mavericks gallery. 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 Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Operating Revenues

$4,500,000 $4,000,000 $3,500,000 $3,000,000 Endowment Funds $2,500,000 Despite a withdrawal of slightly more than the recommended target of 5.5%, the endowment funds have maintained their market value $2,000,000 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 $1,500,000 over the market value at March 31, 2006. An additional $825 thousand in donations to the Legacy endowment fund were received. These $1,000,000 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. $500,000 $0 In fiscal year 2007, the Institute withdrew $21 thousand more income from the endowment funds, than the funds generated in that year provincial endowment Fundraising Admissions & Commercial & (2006 - $200 thousand). This deficit has been compensated for by the growth of the fund during 2007. Contract Fund Revenues Memberships other Activities 2007 $3,379,000 $1,986,858 $4,071,898 $1,051,628 $1,202,819 LIQUIDITY AND CAPITAL RESOURCES 2006 $2,879,000 $2,032,410 $3,593,713 $1,230,390 $1,348,639 2005 $2,738,000 $2,393,007 $3,099,725 $1,181,224 $1,328,924 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 30 received through federal and provincial government grants for the development and construction of the Mavericks gallery. Advances were 31 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 Operating Expenditure 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. $4,000,000 The operating budget for 2008 is covered through anticipated sources of recurring funding. $3,500,000 $3,000,000 CRITICAL ACCOUNTING ESTIMATES $2,500,000 $2,000,000 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 $1,500,000 affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements $1,000,000 and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. Unless $500,000 specifically stated below, the organization is not aware of trends, commitments, events or uncertainties that it reasonably expects to $0 materially affect the methodology or assumptions associated with the critical accounting estimates. program Collections library Glenbow Support Services Amortization & Exhibit Management & enterprises & & Development Archives Museum Shop Administration Accounts Receivable – Bad and doubtful debts $3,753,351 $1,107,428 $633,655 $1,641,862 $3,755,524 $786,531 2007 The organization has made no provision for bad or doubtful debts. Aging debts are reviewed monthly. There have been no write-offs during $2,632,553 $1,439,040 $643,513 $1,794,422 $3,758,925 $790,148 2006 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, $2,394,772 $1,235,750 $606,284 $1,877,647 $3,750,126 $854,329 2005 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.

Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Management Discussion and Analysis cont…

Inventory Obsolescence 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, The organization reviews its inventory for obsolescence at the annual inventory count carried out close to the end of the fiscal year. per year for a period of three years. No allowance for inflation is included in this contract. 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. LOOKING FORWARD TO 2008 Capital Assets The 2008 budget was built on an assumption of consistent and growing receipts from existing and new fundraising programs, growth in The accounting estimates for Capital Assets represent 16.8% of the organization’s balance sheet at March 31, 2007. If the organization’s attendance revenues and a 5% fee increase in our service contract with the Province of Alberta. Projected operating revenues are $11 million. estimated useful lives of assets were incorrect, the organization could experience increased or decreased charges for the amortization of capital assets in the future. Now that the third floor redevelopment is substantially complete and theMavericks 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 Recoverability of Long Term Investments of the second floor and the creation of a permanent art gallery within the next five years. The organization assesses the recoverability of its long-term investments on a regular, recurring basis. The most significant assumptions General operating costs continue to rise more rapidly than our anticipated growth of new revenues. The 2008 operating budget allows for underlying the recoverability of long-term investments are the achievement of future cash flow and the long-term sustainability of the 32 an estimated 3% negotiated settlement with the membership of CUPE Local 1645 as well as increases in many other fixed operating costs. 33 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 The Board of Governors has recommended that over the next five years, Glenbow work collaboratively to enhance its existing programs and in future and a reduction in the endowment revenues used to sustain its on-going operations. activities and to focus on the concepts of art, dialogue and history as we consider ways of renewing Glenbow in the years ahead.

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. Glenbow Museum Annual Report 2006/07

Management’s Report

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. 34 35 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. Robinson President & Chief Executive Officer

Marion A. Shill Chief Financial Officer & Corporate Secretary Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Balance Sheet Operating Fund Statement

As at March 31, 2007 OPERATING enDOWMENT AND TOTAL TOTAL FOR THE YEAR ENDED MARCH 31, 2007 Total Total FUND DESIGNATED FUNDS 2007 2006 2007 2006

ASSET REVENUE Current: Cash and investments $ 543,988 $ 5,704 $ 549,692 $ 646,039 province of Alberta $ 3,379,000 $ 2,879,000 Due from restricted fund 102,657 – 102,657 118,071 Investment income 42,524 19,192 Merchandise for resale 245,572 17,666 263,238 249,742 Allocation of unrestricted investment income from Founding, Legacy, Collections, Library and Designated funds 1,986,858 2,032,410 Grants and donations receivable (Note 4) 3,815,293 – 3,815,293 7,376,523 Fundraising (Note 11) 4,071,898 3,593,713 Accounts receivable and accrued interest 161,278 – 161,278 442,247 Admissions and memberships 1,051,628 1,230,390 prepaid expenses 106,462 – 106,462 85,784 Museum shop 748,285 724,354 4,975,250 23,370 4,998,620 8,918,406 Commercial activities 298,768 501,795

Miscellaneous 113,242 103,298 Capital assets (Note 5) 7,816,098 – 7,816,098 3,732,730 11,692,203 11,084,152 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 EXPENDITURES $ 13,046,348 $ 33,383,155 $ 46,429,503 $ 45,698,241 president’s Office $ 906,216 $ 836,922 36 37 Central services 2,849,308 2,922,003 LIABILITIES AND FUND BALANCES Collections 1,107,428 1,439,040 Current: program and exhibit development 3,753,351 2,632,553 Bank Indebtedness (Note 7) $ 462,183 – $ 462,183 $ 616,238 library and archives 633,655 643,513 Accounts payable and accrued liabilities 2,466,914 – 2,466,914 1,930,883 Museum shop 620,820 611,609 Due to operating fund – $ 102,657 102,657 118,071 Fund development and communications 1,021,042 1,182,813 Deferred revenue (Note 8) 2,324,053 – 2,324,053 7,796,215 Amortization 786,531 790,148 5,253,150 102,657 5,355,807 10,461,407 11,678,351 11,058,601 Long-term: Deferred revenue (Note 9) 5,897,588 – 5,897,588 1,890,350 NET REVENUE $ 13,852 $ 25,551

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 The accompanying notes are part of these financial statements.

$ 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. Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Statement of Operations and Changes for Endowment and Designated Fund Balances

FOR THE YEAR ENDED MARCH 31, 2007 ENDOWMENT FUNDS ENDOWMENT FUNDS cont. DESIGNATED FUNDS FOUNDING FUND leGACY FUND COLLECTIONS FUND Total Total total total 2007 2007 2007 2007 2006 2007 2006

REVENUE

Investment income Interest, dividends, capital gains and losses $ 872,488 $ 700,587 $ 391,797 $1,964,872 $ 1,831,708 $ 10,057 $ 4,391 unrealised investment appreciation 784,435 289,965 124,669 1,199,069 1,113,910 1,372 17,305 Allocation of unrestricted investment income to operating fund (1,046,784) (592,074) (348,000) (1,986,858) (2,025,885) – (6,525) Allocation of unrestricted income to restricted fund – – – – 12,825 – (12,825) Deaccessioning proceeds – – 10,355 10,355 98,099 – – Donations – 825,000 – 825,000 1,561,998 1,700 1,766 Miscellaneous (53,851) 18,711

610,139 1,223,478 178,821 2,012,438 2,592,655 (40,722) 22,823

38 39 EXPENDITURES

Investment expenses 77,303 50,132 27,884 155,319 142,424 125 481 Miscellaneous expenses – 500 – 500 – – – Amortization – – – – (116,312) – – 77,303 50,632 27,884 155,819 26,112 125 481

NET REVENUE (EXPENDITURE) 532,836 1,172,846 150,937 1,856,619 2,566,543 (40,847) 22,342

Fund balances, beginning of year 16,083,622 9,706,204 5,470,033 31,259,859 28,693,316 204,867 182,525

Fund balances, end of year $ 16,616,458 $ 10,879,050 $ 5,620,970 $ 33,116,478 $ 31,259,859 $ 164,020 $ 204,867

The accompanying notes are part of these financial statements.

Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Statement of Cash Flows

FOR THE YEAR ENDED MARCH 31, 2007 OPERATING Fund opeRATING funD enDOWMENT funDS DESIGNATED funds TOTAL TOTAL 2007 2006 2007 2007 2007 2006

NET INFLOW (OUTFLOW) OF CASH RELATED TO THE FOLLOWING ACTIVITIES

OPERATING

net revenue (expenditure) $ 13,852 $ 25,551 $ 1,856,619 $ (40,847) $ 1,815,772 $2,588,885 Items not affecting cash unrealised Investment Appreciation – – (1,199,069) (1,372) (1,200,441) (1,131,215) Amortization 786,531 790,148 – – – (116,312) 800,383 815,699 657,550 (42,219) 615,331 1,341,358

Changes in non-cash working capital items 4,134,039 120,005 182,877 43,529 226,406 166,932

4,934,422 935,704 840,427 1,310 841,737 1,508,290

INVESTING 40 41

net change in investments – – (840,427) (1,201) (841,628) (1,527,991) Decrease in bank indebtedness (154,055) 616,238 – – 0 – Additions to capital assets (4,876,823) (1,330,599) – – 0

(5,030,878) (714,361) (840,427) (1,201) (841,628) (1,527,991)

NET CASH INFLOW (OUTFLOW) (96,456) 221,343 0 109 109 (19,701)

CASH POSITION, BEGINNING OF YEAR 640,444 419,101 0 5,595 5,595 25,296

CASH POSITION , END OF YEAR $ 543,988 $ 640,444 $ 0 $5,704 $5,704 $5,595

The accompanying notes are part of these financial statements. Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Notes to the Financial Statements MARCH 31, 2007

Note 1 gEneral Program and exhibit development plans, facilitates, coordinates and Institute Amendment Act, 1996 to be reinvested in order to Fund at the discretion of the Board of Governors for “the care produces all aspects of the Institute’s activities for the public. maintain the value of the Devonian Foundation Gift, increased and maintenance of the collection.” The Glenbow-Alberta Institute (the “Institute”) operates under the by inflation. Investment income in excess of the annual inflation authority of the Glenbow-Alberta Institute Act, Chapter G-5, Revised Library and archives acquires, catalogues, preserves and makes amount may be retained in the Fund or allocated to the Operating iii) Designated Funds Statutes of Alberta 1996, as amended. The Institute is registered as available to the public and staff published and archival material Fund at the discretion of the Board of Governors. The Province The Institute receives other funds which are designated for special a charity under the Income Tax Act and is exempt from income tax. relating to the history of southern Alberta and western Canada. of Alberta Gift is also invested in marketable securities and interest use by donors or by the Board of Governors. It is the Institute’s bearing deposits. The Board of Governors has specified that an policy to maintain these funds separately as Designated Funds. Ownership of the majority of the collections is held by the Province Glenbow enterprises is a division of the Institute responsible for amount of investment income earned thereon must be retained Transfers for capital asset acquisitions are made annually to the of Alberta. The Institute is responsible for caring for the collection private sector, individual donor and foundation fund raising, facility in the Founding Fund (the “Fund”) in order to maintain the value Operating Fund to the extent that Designated Funds have been and providing public access. rentals, the museum shop, grant applications, commercial alliances, of the Province of Alberta Gift, increased by inflation.T he remaining expended on capital assets. Designated Funds include grants advertising and promotion campaigns and new business ventures. investment income may be retained in the Fund or allocated to received from various government and private agencies to finance The Institute administers seven collections with over 1.3 million objects, Glenbow enterprises also develops publishing programs which reflect the Operating Fund at the Board’s discretion. specific projects and proceeds from the sale of Glenbow-Alberta comprised of Cultural History, Ethnology, Military History, Mineralogy, the full range of research undertaken at the Institute. Publishing Institute publications. Art, Library, Archives - paper, photographs and negatives. projects include catalogues, books, the Glenbow magazine, videos, The Legacy Fund was established by the Board of Governors and research notes and multi-media technology. is invested in marketable securities and interest bearing deposits. b) Revenue Recognition All additions to the collections, including gifts, are approved by the During 2006, additional endowment gifts were received for the Restricted contributions related to general operations are recognized 42 Board of Governors. Deaccessioning of major value collection items development and maintenance of the Mavericks gallery and to as revenue of the Operating Fund in the year in which the related 43 requires approval by the Province of Alberta. permanently preserve the Imperial Oil Archival Collection. These expenses are incurred. All other restricted contributions are recorded Note 3 sIgnificant Accounting Policies have been combined with the proceeds of the T.R. Pat McCloy directly to the appropriate restricted fund when received. And Reporting Practices Library Fund (which was established from the proceeds of a 2002 deaccessioning program of selected items which were not part of Unrestricted contributions are recognized as revenue of the Operating Note 2 nAture of Operations These financial statements have been prepared by management in the Institute’s core mandate, or were duplicates of items accessible Fund in the year received or receivable if the amount to be received And Description of Organization accordance with Canadian generally accepted accounting principles. in the local community) and the existing Legacy Fund. The Board can be reasonably estimated and collection is reasonably assured. has specified that an amount of investment income earned a) Fund Accounting The nature and business of the Institute is to provide public service thereon must be retained in the Legacy Fund (the “Fund”) in Operating grants are recognized as revenue in the period when the Institute follows the restricted fund method of accounting through a human history museum, an art gallery, a library and an order to maintain the value of the Fund, increased by inflation. receivable. Operating grants received for a future period are for contributions. Loans and advances between the funds are archives. The organization is comprised of six work units, the functions Any remaining unexpended investment income may be retained deferred until that future period. recorded in each fund and are not eliminated in the fund totals of which are as follows: in the Fund or allocated to the Operating Fund at the Board’s on the balance sheet. discretion and in accordance with the wishes of the original donors. Contributions to Endowment Funds are recognized as revenue The President’s office carries out the functions of the overall in the Endowment Funds. i) Operating Fund administration of the Institute, including human resources. The Collections Fund was established from the proceeds of a 1995 the Operating Fund accounts for the organization’s administration deaccessioning program for selected international collection items Investment income earned on Endowment Fund resources is activities, fundraising and the costs of maintaining and allowing Central services provides board services, accounting, budgeting and which are not part of the Institute’s core mandate. The net proceeds recognized in the Endowment Fund. Funds are transferred to the public access to the collections. financial services, computer services, photography, purchasing, security of the deaccessioned items were credited to the Collections Fund. Operating Fund in accordance with terms approved by the Board. and building services, volunteer services and carries other unallocated Expenditures from the capital are restricted to the purchase of ii) Endowment Funds costs such as photocopier leases and communications. collection items. The Board has specified that an amount of Other investment income is recognized as revenue of the Operating The Founding Fund contains the Devonian Foundation Gift investment income earned on the Collections Fund (the “Fund”) or Designated Funds when earned. and the Province of Alberta Gift: initially $5,000,000 each. Collections makes recommendations on the purchase and must be retained in the Fund in order to maintain the value of the The Devonian Foundation Gift is invested in marketable securities acceptance of gifts of art and artifacts and the deaccessioning of Fund, increased by inflation. Any remaining unexpended investment Net revenues from the deaccessioning of collections items are and interest bearing deposits. A portion of the investment income collection items, stores and conserves collection items and makes income may be retained in the Fund or allocated to the Operating forwarded to the Province of Alberta on receipt for deposit into earned annually thereon is required by the Glenbow-Alberta the collection available for display to the public. Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

a designated account for Glenbow Museum held collections exhibit 10%. No amortization has been charged in fiscal year Note 5 cAPItal Assets 2007 2006 which form part of the Historic Resources Fund of Alberta 2007 on a permanent exhibit which was completed and opened AccumulateD net Book net Book Community Development. Revenues from the deaccessioning to the public at the end of the fiscal year. Amortization charges Cost Amortization Value Value of library items are allocated to the Legacy Fund which includes will begin with effect from April 1, 2007. the T.R. Pat McCloy Library Fund. Expenses of deaccessioning Furniture and equipment $ 7,652,604 $ 5,656,557 $ 1,996,047 $ 1,811,595 are paid from sale proceeds. Long-lived capital assets are tested for recoverability whenever leasehold improvements 3,422,880 2,480,113 942,767 1,149,545 events or changes in circumstances indicate that their carrying c) donated Services amount may not be fully recoverable. permanent gallery construction 4,877,284 – 4,877,284 467,320 A substantial number of unpaid volunteers have made significant traveling exhibitions 367,810 367,810 – 304,270 contributions of their time to the Institute’s programs. The value of f) Investments this contributed time is not included in these financial statements, Investments are recorded at fair value. Any changes in fair value are $ 16,320,578 $ 8,504,480 $ 7,816,098 $ 3,732,730 since objective measurement of valuation is indeterminable. recognized in income for the period and are accordingly reflected in the statement of operations and changes in fund balances. d) Merchandise for Resale Merchandise for resale is recorded at the lower of cost or net g) Financial Instruments Note 6 Investments 2007 2006 realizable value and is relieved from inventory on a first in first Accounts receivable and accrued interest, investments and accounts Market Value Market Value 44 out basis. payable and accrued liabilities constitute financial instruments. 45 Based on the available information, the carrying value of the Founding Fund e) Capital Assets Institute’s accounts receivable and accounts payable approximates Devonian Foundation Gift $ 8,611,610 $ 8,564,225 Furniture and equipment is recorded at cost and is amortized on fair value as at March 31, 2007. Investments are long-term in a straight-line basis over the estimated useful lives of the assets: nature and are recorded at market value. See Note 6 for fair value Province of Alberta Gift 8,057,318 7,516,810 computer equipment 33.3%, vehicles and equipment 20%, information pertaining to the investments. 16,668,928 16,081,035 major renovations 6.67% and furniture 10%.

The Institute is exposed to risks arising from fluctuations in interest legacy Fund 6,862,750 6,673,643 Leasehold improvements and traveling exhibitions are recorded and foreign exchange rates. The Institute does not use derivative at cost and are amortized over the expected lives of the instruments to reduce its exposure to interest and foreign exchange Collections Fund 5,638,346 5,469,162 improvements or exhibitions. rate risk, but mitigates risk by ensuring that dates of bond maturity library Fund 2,663,871 2,484,074 are staggered. New permanent exhibits are recorded at cost and are amortized Designated Fund 152,244 149,671 on a straight-line basis over the expected useful life of the Mavericks Fund 1,373,646 460,130

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

Note 4 gOVERnment Grants Common and preferred stocks 21,037,460 19,667,527 Bonds, debentures and mortgages 11,693,489 10,950,222 Grants and donations receivable include the following government grants: Receivable in less than 12 months Cash and short-term deposits 544,581 608,875 province of Alberta – Centennial Legacies grant in support of the Mavericks gallery $ 1,533,144 Accrued interest receivable 84,255 91,091 Government of Canada – Western Economic DiversificationP rogram in support of the Mavericks gallery $ 1,671,062 $ 33,359,785 $ 31,317,715

Glenbow Museum Annual Report 2006/07 Glenbow Museum Annual Report 2006/07

Note 7 Bank Indebtedness Note 10 cHAnges in Operating Fund Balance 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. Changes in the Operating Fund balances were comprised of: The facility bears interest at the bank’s prime rate and is provided on an unsecured basis. 2007 2006

Invested in Capital Assets unrestricted Total Total Note 8 dEFERREd Revenue - Current 2007 2006 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

Federal government grants $1,188,128 $4,549,862 Invested in capital assets 466,859 (466,859) – – provincial government grants 91,899 2,395,821 $1,659,383 $236,227 $1,895,610 $1,881,758 Grants from foundations 185,413 128,625 Grants from the corporate sector 820,535 650,305 other 38,078 71,602 46 2,324,053 $7,796,215 Note 11 Fundraising Note 12 Pension Obligations 47 Fundraising revenues of $4,071,898 in the operating fund and The Institute has a defined contribution plan which is available to all $826,700 in the endowment and restricted funds include cash full-time and permanent part-time employees. Under the terms of the donations to the Institute and do not include donations of art, plan, the Institute matches contributions of up to 5% of employee Note 9 dEFERREd Revenue - Long Term 2007 2006 artifacts and archival material to the collections which are owned earnings. In 2007, the Institute contributed $211,542 (2006 - by the Province of Alberta. $218,442) in connection with the plan. Corporate sector support for exhibitions and programming 646,647 427,061 All contributions received were applied to the charitable activities and ICAP funding for upgrade and renewal of storage space 504,580 547,006 the associated operating overheads of the organization. Contributions in excess of 10% of the total gross contributions recognized as Note 13 Donated Services provincial and federal government grants in support of the Mavericks gallery 4,569,556 767,320 revenue during the year amounted to $1,960,602 applied to the The Glenbow Centre is leased to The City of Calgary by the Province provincial government grants for the construction of the Blackfoot gallery 116,463 148,963 redevelopment of the permanent galleries on the third floor. of Alberta for a nominal amount of one dollar per year. The City other 60,342 – The expenses incurred for the purposes of soliciting contributions 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. $5,897,588 $1,890,350 were $133,512. Remuneration to employees whose principal duties involve fund-raising amounted to $269,283 and $18,849 was paid The City of Calgary also provides janitorial, maintenance and as remuneration to a fund-raising business that was used to make utility services for the Glenbow Centre at no cost to the Institute. solicitations on behalf of the Glenbow-Alberta 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). The approximate dollar amount of the tax receipts issued by the This amount has not been included in the Operating Fund statement. 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. 48 Marion Shill Corporate Secretary&Treasurer Randal Past Chair Yves Bonnie Dumont L Dr. Ann Board CommunityRepresentatives Herb Snowdon, Chair, Audit & Investment Committee Richard Shaw Michael Michael J. Robinson Dr. Vettivelu Jean Merriman James T Robert Herdman Rod Green, Vice-Chair, Development Committee Joanne Cuthbertson, Chair, Collections and Access Committee Anne Crawford Richard Cormack T Governors Gail L Vice-Chairs Ian A. Bourne Board Chair Board ofGovernors E Founder ance Carlson auchlan Currie . Gregory Kane, Q.C. erry Allen, Chair, Development Committee ric Harvie* O T ’Brien repanier P L . Keough, Chair, Governance Committee P . E . Robinson, C.M., . Calvert O liver O N .C., C.D., Q.C. allainayagam P resident and C EO Glenbow Museu Glenbow m Annu Dr. Marmie Joy Harvie Maclaren, Curator Ralph Klein, Curator Dr. Hugh A. Dempsey, Chief Curator Catherine M. E E of Inuit Collections P Honourary Appointments E Joy Harvie Maclaren T Robert R. Janes, Catherine M. N Robert M. Borden Fellows * deceased Randal A. Webster Macdonald, Jr. Q.C., 2000-2002 Robert G. J. Sherrold Moore, 1994-1997 Frederick F. Abbott, 1991-1994 D. Jane T W. Donald C. MacKenzie,* 1970-1974 James C. Mahaffy,* 1969-1970 T E Past Chairs Christine Chin Assistant CorporateSecretary a . David D. wa Smithwick, Conservator atricia Ainslie, Curator of Art . David D. he Hon. he Hon. Douglas S. Harkness,* he Hon. Mr. Justice ric . Glenn Cameron l Repo l E dwin L T . Harvie,* . L E r . t 2006/07 t dwards,*1977-1980 L O E P ewis,* C.D., Q.C., 1980-1984 . eters, 1997-2000 liver 2002-2004 T T P P avender, Q.C., 1984-1988 avender, Q.C. . Hess, eter E E vamy, 1988-1991 vamy O P .C., C.D., Q.C., 1954-1966 h.D. L ougheed, O E N meritus of Blackfoot .C., .D. McDermid,* Q.C., 1966-1969 LL .D., Curator P E E .C., C.C., Q.C. meritus E meritus of Blackfoot meritus O .C., 1974-1977 E meritus E meritus E thnology

E thnology

Text: Karin P˜oldaas Design: Kaija Dirkson Printing: Sundog Printing Limited Glenbow Museum 130 – 9th Avenue S.E., Calgary, Alberta 403.268.4100 glenbow.org