2023-05-11T14:52:02-05:00 2022-06-30 366055558 Grant Thornton LLP 1000 Wilson Blvd Suite 1500 Arlington VA 22209 990 2021-07-01 231365388 Philadelphia Museum of Art PHIL 2157638100 PO Box 7646 Philadelphia PA 191017646 William Petersen Chief Operating Officer 2156847719 2023-05-11 1 William Petersen XXX-XX-XXXX Mary Torretta P00847851 7038477500 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Sasha Suda PO Box 7646 Philadelphia PA 191017646 210474613 0 X www.philamuseum.org X 1876 PA The Philadelphia Museum of Art, in partnership with the city, the (See Schedule O for more details.) region,and art museums around the globe, seeks to preserve, enhance, interpret, and extend the reach of its great collections in particular, and the visual arts in general, to an increasing and increasingly diverse audience as a source of delight, illumination and lifelong learning. 63 62 433 246 -1633963 0 93931536 40423859 2410840 5818808 19026083 38335921 1444509 3130487 116812968 87709075 0 0 0 0 28568596 29135100 129614 176134 4317803 35542983 46693516 64241193 76004750 52571775 11704325 1255022756 1179504038 137961142 126156896 1117061614 1053347142 X The Philadelphia Museum of Art in partnership with the city, the region and art museums around the globe-seeks to preserve, enhance, interpret and extend the reach of its great collections in particular and the visual arts in general, (See Schedule O for more details) to an increasing and increasingly diverse audience as a source of delight, illumination, and lifelong learning. 0 0 43344792 154080 Exhibitions, Curatorial, and Collections (see schedule O for additional information)Since our founding at the 1876 Centennial Exhibition, PMA has accumulated one of the world's leading art collections with 250,000 works spanning 4,000 years. Highlights of the collection include: - The world's largest and most important collection of works by Marcel Duchamp. - The greatest collection of sculpture by Constantin Brancusi outside Europe. - The finest public collection of Auguste Rodin's sculpture in the United States. - Superb Impressionist and Post-Impressionist paintings, including Paul Cezanne's The Large Bathers, Vincent van Gogh's Sunflowers, and important paintings by Edouard Manet, Claude Monet, Pierre-Auguste Renoir, Camille Pissarro, and Edgar Degas.- Exceptional American painting, sculpture, furniture, silver, and ceramics-including the remarkable creations of the Shakers and Pennsylvania Germans that reflect Philadelphia's central role in American history.- Extraordinary period rooms and architectural ensembles from around the world.The museum's landmark main building opened in 1928 at the western end of the Benjamin Franklin Parkway. Other buildings that make up the campus include the Perelman Building, the Rodin Museum, and the two great eighteenth century houses in Fairmount Park, Mount Pleasant, and Cedar Grove. In May 2021, the museum completed the Core Project after years of planning and preparation. The Core Project construction encompassed 140,000 square feet on three levels of the ninety-year-old building, including 90,000 square feet of new public space and more than 20,000 square feet of new gallery space, all without closing to the public or expanding the building footprint. The entire design, conceived by renowned architect Frank Gehry, reflects the utmost care and respect for the original architecture, in the choice of materials, the layout of new spaces, and all the new elements. The Core Project unveiled a new suite of galleries devoted to American art from the early seventeenth century to around 1850. The 10,000-square-foot space has been installed to tell the story of how Philadelphia became the young nation's cultural capital, and how Black, Indigenous, and Latin American artists contributed to the development of American art. The Core Project also created 10,000 square feet of gallery space for our growing modern and contemporary art collection.The fiscal year 2022 was the first full year since the museum opened these new and transformed spaces to the public. Many of PMA's accomplishments this past year are due to the activation of these expanded galleries and public spaces by staff across the museum, including the creative display of works of art and the return of in-person offerings for families, K-12 students and teachers, and community partners. In the galleries, the museum mounted over a dozen exhibitions and collection installations, with the return to the presentation of loan shows and larger-scale projects as had been done pre-pandemic. In the spring, the museum opened Elegy: Lament in the 20th Century (February 12-July 24, 2022) and Sean Scully: The Shape of Ideas (April 11-July 31, 2022), which had 62,258 and 68,498 visitors, respectively. Jasper Johns: Mind/Mirror (September 29, 2021-February 13, 2022), organized in partnership with the Whitney Museum of American Art, attracted 94,222 visitors during its 20-week run in Philadelphia. Emma Amos: Color Odyssey (October 11, 2021-January 17, 2022) drew 40,444 visitors, and both of these shows were named among the Best Art Exhibitions of 2021 by The New York Times. Richard Benson: The World is Smarter Than You Are (October 3, 2021-January 23, 2022) drew 44,345 visitors, and we also inaugurated the new Collab Gallery, now in the main building, with Circus: Bouroullec Designs (November 21, 2021-May 30, 2022).In the fiscal year 2022, PMA also published a book featuring an iconic architectural setting in our permanent collection with Storied Stone: The South Indian Temple Hall. The museum launched the PMA Stories blog in the digital publishing realm and built the Rodin Museum website to coincide with the new ongoing Rodin's Hands installation. PMA has also pursued forward-looking uses of digital technology to share our collections more broadly, such as through our collaboration with the Centre Pompidou and Association Marcel Duchamp in Paris to build the Duchamp Research Portal, released in January 2022 at www.duchamparchives.org. The museum continued to progress on the comprehensive Diversity, Equity, Inclusion, and Access (DEIA) initiative that launched in 2020. In June 2021, Alphonso Atkins Jr. joined PMA as the inaugural Miller Worley Deputy Director for DEIA. Since then, he has met with each museum department and trustees, and volunteers to conduct the first museum-wide DEIA equity audit. The equity audit will be an ongoing process and will promote regular habits of forecasting DEIA actions and documenting progress. It allows each department to analyze its workflows and pinpoint specific improvements. Having completed the first annual museum-wide equity audit in 2022, PMA stands at the outset of a long-term journey that will be the defining priority for our museum. 8489900 85339 Education, library, and community programs for children, the disabled, and the general public provide a better understanding of the Museum's collection and art in general. (see schedule O for additional information)Education is at the heart of our mission and a primary means of serving our visitors and engaging new audiences. Working collaboratively with partners like the School District of Philadelphia (SDP) and other community stakeholders allows PMA to create programs for our visitors that respond directly to their needs. The museum's longstanding relationship with the SDP has resulted in making virtual field trips modeled on our most popular school offering: single-visit tours. These virtual field trips are free of charge for Philadelphia public and charter schools. We were also excited to welcome students back to our galleries for in-person tours in late spring 2022. During the 2021-22 school year, the museum served 5,310 students through these virtual and in-person engagements. Over 80% of those participants represent Philadelphia public and charter schools. We also continued offering virtual and in-person educator professional development and provided digital curriculum resources for educators and children at home.In December 2021, PMA introduced a new "Welcome Days" opportunity for SDP students, staff, and families. Welcome Days offers free admission and activities like collaborative art-making and musical performances. The first SDP day attracted 706 people, representing a quarter of the total attendance. The Department of Family Programs has developed a robust schedule of in-person and virtual offerings designed to nurture creativity in kids of all ages. In particular, in the fiscal year 2022, the museum was excited to see the return of in-person family programming under the Art Kids umbrella. Art Kids is an initiative to build and expand our family audience through year-long programming primarily for children ages 3-10 and their caretakers. The program successfully engaged with 20,500 children and families this past year through activities like Art Kids Studio, gallery tours, family festivals, and virtual programs. Building lasting relationships with local families is key to the initiative, which seeks to connect children with the arts at a young age, provide caregivers with the support they need to engage their children with the visual arts, and develop the next generation of museumgoers and art enthusiasts.Throughout the year, the museum offered virtual and in-person programs for adult audiences, such as lectures with guest artists and scholars that complemented special exhibitions and the permanent collection. The program schedule ranged from deep dives into the practice of artists such as Sean Scully and Emma Amos to interactive programs that focus on individual creativity and wellness. In the fiscal year, 6,870 people participated in public programs at the museum.PMA is deeply committed to furthering our vision to be a welcoming place that is inspiring for all. An essential part of this vision is ensuring community members can participate in the museum's mission regardless of physical, cognitive, or developmental ability. Accessible programs offer people with specific disabilities transformative encounters with the museum and its collection. In 2022, CEA connected with 5,600 individuals via various programs, including Veterans Empowered Through Art (V.E.T. Art), Parkinson's Programs, and Community Partner Spotlights.In the fiscal year 2022, the museum also launched our Community Partner Spotlight initiative to offer local organizations access to the permanent collection, programming, and digital partner organizations every quarter. This year's partnership with the Philadelphia Community Bail Fund included an in-person program with the Bail Fund and the People's Paper Co-op to combine artmaking and advocacy; and a local maker market on Mother's Day Weekend, with 10% of all sales going to support the Mama's Day Bail Out. 8932487 7148692 Auxiliary activities and public relations (see schedule O for additional information)In June 2022, the museum's Board of Trustees unanimously named Sasha Suda the 14th George D. Widener Director and Chief Executive Officer in the museum's nearly 150-year history. Suda joins PMA from the National Gallery of Canada, where, as Director and CEO, she broadened and deepened the gallery's relevance to diverse audiences. She brings intellect, vision, and commitment to civic engagement and community building and represents a new generation of leadership.During the fiscal year ending June 30, 2022, the museum welcomed 521,437 visitors. We engage visitors through creativity in the presentation and interpretation of our collection and special exhibitions. We recognize that surprise, delight, and inspiration are essential to the experience of great works of art. 60767179 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 231 0 1 433 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 63 62 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NJ NY CT FL CA AL AK AR CO GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NM NC ND OH OK OR RI SC TN UT VA WA WV WI DC X X Katherine Harper 2156847801 2525 Pennsylvania Avenue Philadelphia PA 19130 Timothy F Rub Director and CEO 35.00 0.00 X X 355510 0 440312 Amachi Ackah Trustee 1.00 0.00 X 0 0 0 Marta Adelson Trustee 1.00 0.00 X 0 0 0 John R Alchin Trustee 1.00 0.00 X 0 0 0 Dennis Alter Trustee 1.00 0.00 X 0 0 0 Eduardo Ardiles Trustee 1.00 0.00 X 0 0 0 Barbara Aronson Trustee 1.00 0.00 X 0 0 0 Andrea M Baldeck MD Trustee 1.00 0.00 X 0 0 0 Sandra K Baldino Trustee 1.00 0.00 X 0 0 0 Sheldon M Bonovitz Trustee 1.00 0.00 X 0 0 0 Ira Brind Trustee 1.00 0.00 X 0 0 0 Julian Brodsky Trustee 1.00 0.00 X 0 0 0 Ellen Caplan Trustee 1.00 0.00 X 0 0 0 Emily Cavanagh Trustee 1.00 0.00 X 0 0 0 Kemel Dawkins Trustee 1.00 0.00 X 0 0 0 Romulo L Diaz Jr Trustee 1.00 0.00 X 0 0 0 H Richard Dietrich III Trustee 1.00 0.00 X 0 0 0 Orlando Esposito Trustee 1.00 0.00 X 0 0 0 Edward Fernberger Jr Trustee 1.00 0.00 X 0 0 0 Jaimie Spector Field Vice Chair 1.00 0.00 X X 0 0 0 Julia Fleischner Trustee 1.00 0.00 X 0 0 0 Amy A Fox Trustee 1.00 0.00 X 0 0 0 Hope D'Oyley-Gay Trustee 1.00 0.00 X 0 0 0 David Haas Trustee 1.00 0.00 X 0 0 0 Phoebe Haddon Trustee 1.00 0.00 X 0 0 0 Anne F Hamilton Trustee 1.00 0.00 X 0 0 0 Rob Hayes Trustee 1.00 0.00 X 0 0 0 Osagie O Imasogie Trustee 1.00 0.00 X 0 0 0 Joan M Johnson Trustee 1.00 0.00 X 0 0 0 Tac Justi Trustee 1.00 0.00 X 0 0 0 George B Kelly Trustee 1.00 0.00 X 0 0 0 David D Langfitt Trustee 1.00 0.00 X 0 0 0 Victoria McNeil Le Vine Trustee 1.00 0.00 X 0 0 0 Maxine Lewis Trustee 1.00 0.00 X 0 0 0 Sueyun Locks Trustee 1.00 0.00 X 0 0 0 Alba Martinez Term 1021 Trustee 1.00 0.00 X 0 0 0 John J Medveckis Trustee 1.00 0.00 X 0 0 0 Leslie A Miller Chair 1.00 0.00 X X 0 0 0 Hilarie Morgan Trustee 1.00 0.00 X 0 0 0 Martha Hamilton Morris Trustee 1.00 0.00 X 0 0 0 Michael K Pearson Trustee 1.00 0.00 X 0 0 0 Zoe C Pappas Vice Chair 1.00 0.00 X X 0 0 0 Ajay Raju Trustee 1.00 0.00 X 0 0 0 Jennifer Rice Trustee 1.00 0.00 X 0 0 0 Lyn M Ross Trustee 1.00 0.00 X 0 0 0 Marsha W Rothman Trustee 1.00 0.00 X 0 0 0 Pia RoyChowdhury Trustee 1.00 0.00 X 0 0 0 Mark E Rubenstein Trustee 1.00 0.00 X 0 0 0 Angelica Zander Rudenstine Trustee 1.00 0.00 X 0 0 0 Katherine Sachs Trustee 1.00 0.00 X 0 0 0 David William Seltzer Trustee 1.00 0.00 X 0 0 0 Martha McGeary Snider Trustee 1.00 0.00 X 0 0 0 Joan F Thalheimer Trustee 1.00 0.00 X 0 0 0 Bruce E Toll Trustee 1.00 0.00 X 0 0 0 Charles K WilliamsTerm 1021 Trustee 1.00 0.00 X 0 0 0 Constance H Williams Chair Emeriti 1.00 0.00 X X 0 0 0 Jerry Wind Trustee 1.00 0.00 X 0 0 0 Darrell L Clarke Trustee Ex Officio 1.00 0.00 X 0 0 0 John Crable Trustee Ex Officio 1.00 0.00 X 0 0 0 Kirsten Engelman Term 622 Trustee Ex Officio 1.00 0.00 X 0 0 0 Mark B Goodheart Trustee Ex Officio 1.00 1.00 X 0 0 0 James F Kenney Trustee Ex Officio 1.00 0.00 X 0 0 0 Thomas Wolf Trustee Ex Officio 1.00 0.00 X 0 0 0 Marlene S Dooner Trustee Ex Officio 1.00 0.00 X 0 0 0 Catherine K Altman Trustee Ex Officio 1.00 0.00 X 0 0 0 Deborah Johnston CFO 35.00 0.00 X 304950 0 40700 William Petersen General Counsel/Secretary 35.00 0.00 X 277808 0 3486 Jonathan L Peterson Director of Development 35.00 0.00 X 299239 0 27606 Jessica Sharpe Deputy Director for Visitor Experience 35.00 0.00 X 174257 0 27496 Al Shaikoli Term 921 Director of Engineering&Fa 35.00 0.00 X 173693 0 17243 William Weinstein Term 821 Director of IIT 35.00 0.00 X 297613 0 34901 Katherine E Reilly Deputy Director for Digital Resources and Content 35.00 0.00 X 197786 0 19326 Danielle SmereczynskiTerm 122 Deputy Director of Development 35.00 0.00 X 192383 0 39162 Carlos Basualdo Senior Curator 35.00 0.00 X 170303 0 9531 Christine Doobinin Director of Retail 35.00 0.00 X 156245 0 37655 Gail M Harrity Term 321 President and COO 35.00 0.00 X 467795 0 27427 3067582 0 724845 49 1 1 0 Allied Universal Security Services PO Box 828854 Philadelphia PA 191828854 Security 4408796 CSI International Inc 6700 N Anders Avenue Suite 400 F Lauderdale FL 33309 Construction 2153892 Cambridge Associates LLC PO Box 412015 Boston MA 022412015 Investment Consulting 1111267 Clean Tech Services Inc 114 Chestnut Street 5th Floor Philadelphia PA 19106 Custodial Services 877659 LF Driscoll Company LLC 401 E City Avenue Suite 500 Bala Cynwyd PA 190040468 Construction 826626 41 4075326 634965 14510957 21202611 5699555 40423859 Admissions 900099 5317092 5317092 Publication distributi 900099 282213 282213 Exhibition Revenues 900099 134164 134164 Education programs 611710 85339 85339 5818808 6311718 -1828240 8139958 27411 27411 692200 272921 419279 419279 419279 152050107 13000 120032404 6500 32017703 6500 32024203 32024203 462073 634965 999606 -537533 -537533 3035500 1454107 1581393 1387116 194277 Guest,employee parking 900099 1077876 1077876 Concession fees 900099 379874 379874 182187 182187 1639937 87709075 7388111 -1633963 41531068 X 2498405 1087202 1074763 336440 495222 123806 371416 20793445 16865300 1914096 2014049 810517 693482 42115 74920 2518665 2079339 184479 254847 2018846 1634070 182799 201977 622564 622564 211383 211383 129000 129000 176134 176134 2116485 2116485 7918897 6527284 1104862 286751 1027185 1012129 9692 5364 1255996 963119 249886 42991 693847 556117 72763 64967 5756 5756 3637078 3286933 230907 119238 314373 281482 10894 21997 2076437 1889458 138790 48189 16107471 14657033 1076624 373814 1942586 1008133 933444 1009 Special exhibitions 3770275 3770275 Acquisitions 2273293 2273293 2590890 2052968 242806 295116 76004750 60767179 10919768 4317803 72849186 104063167 72448198 62450984 4879109 3044471 747736 968976 936343 1214637 617738001 151952332 480675142 465785669 137667684 96204018 469869050 432500123 14950308 13271993 1255022756 1179504038 17331192 12600958 2644804 1809473 116590939 110435307 1394207 1311158 137961142 126156896 X 469222774 444576066 647838840 608771076 1117061614 1053347142 1255022756 1179504038 X 11704325 -77302115 1883318 X 0 1 X 1 1 1 X 51460486 74870679 37859475 93931536 40423859 298546035 0 0 0 0 0 3500000 3400000 3000000 3400000 3686996 16986996 54960486 78270679 40859475 97331536 44110855 315533031 25410488 290122543 5602264 7819378 6561365 4523853 8859569 33366429 0 0 0 0 0 1459850 2005664 1028466 743241 1457750 6694971 355594431 41236808 0.81590 0.83470 X Schedule A, Part II, Line 10, Explanation of Other Income: Parking revenues - 2017 Amount: $ 924,623. 2018 Amount: $ 997,660. 2019 Amount: $ 742,989. 2020 Amount: $ 524,813. 2021 Amount: $ 1,077,876. Concession fees - 2017 Amount: $ 535,227. 2018 Amount: $ 450,449. 2019 Amount: $ 262,942. 2020 Amount: $ 211,861. 2021 Amount: $ 379,874. Gross receipts from fundraising special events - 2018 Amount: $ 557,555. 2019 Amount: $ 22,535. 2020 Amount: $ 6,567. 2021 Amount: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140125 140125 75864625 76004750 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 117039 113727 77664 140125 448555 250000 500000 250000 250000 1250000 1875000 X X X X 0 607536734 6882489 -42157908 43557174 528704141 463466012 22306096 149145849 27381223 607536734 483824491 4303179 2750163 27411821 463466012 487334473 4751964 18877351 27139297 483824491 466725791 6558162 40482695 26432175 487334473 0.15900 0.62930 0.21170 1 0 2983347 2983347 554914702 134346281 420568421 35439587 17606051 17833536 24400365 24400365 465785669 Limited partnerships and other 464368 F US stock funds 49344412 F Global stock funds 99901633 F Global(exUS)emerging mkts stock fds 27363645 F Hedge funds 81788640 F Private equity & venture capital fds 149751091 F Real asset funds 23886334 F 432500123 Obligations under split-interest agreements 1311158 1311158 X 16314501 -77302115 3686996 4337030 -69278089 85592590 2116485 2116485 87709075 80028973 3686996 2453711 6140707 73888266 2116484 2116484 76004750 Part III, Line 1a: The collections, which were acquired through purchases and contributions since the Museum's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Unexpended proceeds from deaccessions are reflected in the unrestricted net asset class. Their use is limited, however, by museum professional standards, which require that such proceeds be made available solely for acquisition of other art objects. Part III, Line 4: The Museum is home to over 250,000 objects, spanning the creative achievements of the Western world since the first century AD and those of Asia since the third millennium BC. The European holdings date from the Medieval era to the present, and the collection of arms and armor is the second largest in the United States. The American collections are among the finest in the country, as are the expanding collections of modern and contemporary art. In addition, the Museum houses encyclopedic holdings of costume and textiles as well as prints, drawings, and photographs that are displayed in rotation for reasons of preservation. Part V, Line 4: The endowment is used to maintain the collection of artwork and to acquire future works of art that enhance and promote the mission of the Philadelphia Museum of Art. Part X, Line 2: The Museum has determined that there are no material uncertain tax positions that require recognition or disclosure in its financial statements. Part XI, Line 2d - Other Adjustments: Cost of goods sold 1,454,107. Change in FMV of interest rate exchange agreements 521,566. Fundraising event expenses 999,606. Unrealized Gains and Losses on FHIT and other transfers 1,361,751. Part XII, Line 2d - Other Adjustments: Cost of goods sold 1,454,105. Fundraising event expenses 999,606. Central America And The Caribbean 0 0 Investments 161055244 0 0 0 0 0 0 161055244 0 161055244 1 0 1 1 1 0 Part III Accounting Method: X X X X X X 1 Grenzebach Glier & Associates Inc 401 N Michigan Avenue Suite 2800 Chicago IL 60611 Consultant 0 0 122134 -122134 Pennington Gray 7 Winston Farm Lane Far Hills NJ 27162 Consultant 0 0 54000 -54000 176134 -176134 PA NJ NY CT FL CA AL AK AR CO GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NM NC ND OH OK OR RI SC TN UT VA WA WV WI DC Philadelphia Show 1097038 634965 462073 598261 67932 333413 1097038 634965 462073 598261 67932 333413 999606 -537533 Schedule G, Part I, Line 2b, Column (v) Fundraising consultant fees are paid at a stated rate per contract and reimbursements for reasonable travel and other costs are paid as incurred. X X X X 1 1 0 0 0 0 0 0 0 Timothy F Rub Director and CEO 351700 0 0 0 3810 0 398664 0 41648 0 795822 0 0 0 Gail M Harrity Term 321 President and COO 147533 0 0 0 320262 0 7125 0 20302 0 495222 0 0 0 Deborah Johnston CFO 303660 0 0 0 1290 0 14298 0 26402 0 345650 0 0 0 William Weinstein Term 821 Director of IIT 133648 0 0 0 163965 0 6973 0 27928 0 332514 0 0 0 Jonathan L Peterson Director of Development 297949 0 0 0 1290 0 14346 0 13260 0 326845 0 0 0 William Petersen General Counsel/Secretary 275828 0 0 0 1980 0 3346 0 140 0 281294 0 0 0 Danielle SmereczynskiTerm 122 Deputy Director of Development 192086 0 0 0 297 0 9973 0 29189 0 231545 0 0 0 Katherine E Reilly Deputy Director for Digital Resource 197489 0 0 0 297 0 9942 0 9384 0 217112 0 0 0 Jessica Sharpe Deputy Director for Visitor Experien 173864 0 0 0 393 0 9076 0 18420 0 201753 0 0 0 Christine Doobinin Director of Retail 155676 0 0 0 569 0 5998 0 31657 0 193900 0 0 0 Al Shaikoli Term 921 Director of Engineering&Fa 168755 0 0 0 4938 0 8650 0 8593 0 190936 0 0 0 Carlos Basualdo Senior Curator 169250 0 0 0 1053 0 8513 0 1018 0 179834 0 0 0 Part I, Lines 4a-b Gail Harrity and William Weinstein received severance pay of $318,360 and $162,696, respectively. Timothy Rub received $384,289 of deferred compensation through a supplemental non-qualified retirement plan, which was established under Section 457(f) of the IRC. A Philadelphia Authority for Industrial Development 232237287 Noneavail 2022-03-01 33470000 Refunding Series 2008 Bonds 0 0 0 B Philadelphia Authority for Industrial Development 232237287 Noneavail 2022-03-01 77300000 Refund Series 2017/finance renovation 0 0 0 A 33470000 33470000 2022 1 0 1 1 B 77300000 156245 3143755 74000000 2022 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 X 86 X 100 5699555 Market Value 0 1 0 Part I, Column (b): The museum is reporting the number of stock gifts received rather than each share, and the market value of the contributions received. The museum has reported $0 related to the contribution of works of art, as it does not capitalize its collections, per ASC 958-360-25. Form 990, Part VI, Section A, line 2 Ira Brind and Jamie Field, both Trustees, have a familial relationship. Form 990, Part VI, Section B, line 11b Form 990 is prepared by the Museum's Finance Department. The return is reviewed by management and outside independent tax advisors. The return is made available to all trustees for review prior to being filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Museum's Conflict of Interest Policy is reviewed annually and updated periodically by The Museum's Board of Trustees. The Museum's Board of Trustees, Officers and Key Employees complete an Annual Conflict of Interest Questionnaire. The Museum's Conflict of Interest Policy requires, among other things, that Trustees, Officers and Key Employees disclose conflicts and potential conflicts and that interested parties not participate in any vote to consider a transaction that might constitute a conflict. Any repored conflicts are reveiwed and mitigated by the museum's Governance Committee. There were no conflicts noted in fiscal year 2021. Form 990, Part VI, Section B, line 15 The process the Museum uses to establish compensation for officers and key employees includes a complete review of executive compensation levels by the Museum's Compensation Subcommittee. The review is based on a market analysis prepared by the an independent third party under the direction and supervision of the Human Resources Department and internal Legal Council. The results are shared with the compensation subcommittee. The Compensation subcommittee contemporaneously documents the results of the deliberations and decisions in the minutes. Form 990, Part VI, Section C, line 19 The Museum's public version of form 990, and the Audited Financial Statements, are posted on its website. The Museum's governing documents and conflict of interest policy are available upon request. Form 990, Part IX, line 11g Security Services: Program service expenses 3,398,944. Management and general expenses 230,930. Fundraising expenses 125,315. Total expenses 3,755,189. Janitorial Services: Program service expenses 2,003,280. Management and general expenses 147,149. Fundraising expenses 18,936. Total expenses 2,169,365. Other Consultants: Program service expenses 1,125,060. Management and general expenses 726,783. Fundraising expenses 142,500. Total expenses 1,994,343. Form 990, Part XI, line 9: Change in fair value of interest rate exchange agreement 521,567. Unrealized Gains and Losses on FHIT and other transfers 1,361,751. The Anne H & Frederick Vogel III Collection for Philadelphia Museum of Art PO Box 7646 Philadelphia PA 19101 364459089 Assembling a collection of American Furniture & Decorative Art for PMA. PA 501(c)(3) Line 12a, I Philadelphia Museum of Art 1 Charitable Remainder Trusts - PA (1) CHARITABLE TRUST PA N/A T 1 Charitable Remainder Trusts - NC (3) CHARITABLE TRUST NC N/A T 1 Charitable Remainder Trusts - NY (1) CHARITABLE TRUST NY N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0