2022-02-15T07:14:18-06:00 2021-06-30 PricewaterhouseCoopers LLP 655 NEW YORK AVENUE NW WASHINGTON DC 20001 990 2020-07-01 131624086 METROPOLITAN MUSEUM OF ART % CONTROLLER'S OFFICE METR 2128795500 1000 FIFTH AVENUE NEW YORK NY 100280198 JAMESON KELLEHER SVP, CFO & TREASURER 6464713000 2022-02-14 true JAMESON KELLEHER 999009999 TRAVIS PATTON P00369623 2024141000 2 2020 2022-09-23 18:48:47Z Daniel Weiss 1000 FIFTH AVENUE NEW YORK NY 100280198 1525870257 false X WWW.METMUSEUM.ORG X 1870 NY THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES. PLEASE SEE SCHEDULE O FOR MORE DETAILS. 50 48 2194 1073 -4967465 0 245041493 194219691 5071378 4435800 138169497 339535830 26386242 -1711304 414668610 536480017 2985305 2530654 0 0 223657201 194512715 137892 0 14824200 194429521 171934461 421209919 368977830 -6541309 167502187 4530953743 5588554992 852948253 748554727 3678005490 4840000265 X THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES IN ORDER TO CONNECT PEOPLE TO CREATIVITY, KNOWLEDGE, AND IDEAS. false false 133640641 2530654 4015853 CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS, CONSERVATION, CATALOGUING, AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $2,530,654) - SEE SCHEDULE O FOR MORE INFORMATION 36402169 1232600 ACQUISITIONS AND SALES OF ART - SEE SCHEDULE O FOR MORE INFORMATION 15266218 270769 EDUCATION PROGRAMS AND MUSEUM LIBRARIES - SEE SCHEDULE O FOR MORE INFORMATION 13348835 OPERATING SERVICES 10164486 SPECIAL EXHIBITIONS 2810745 -4675303 ALL OTHER SUPPORT SERVICES 26324066 -4675303 211633094 true true false true false false false true false true true true false false true false true false false false true false true false true false false false true true true false false false false false false false false false false true true false false false true false false false true 570 0 true 2194 true true true true EG false false false true true false false false false true false X 50 48 true false false false false false false true true false false true true true true true true true true false AL AR CA CO FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY ND OH OR PA RI SC TN UT VA WV WI X X CONTROLLER'S OFFICE 2128795500 1000 FIFTH AVENUE NEW YORK NY 100280198 X Lauren A Meserve SVP & Chief Investment Officer 35.0 0.0 X 1322379 0 386127 Daniel H Weiss President, CEO, Ex-Off. Truste 35.0 0.0 X X 1222843 0 62243 Max Hollein Marina Kellen French Director 35.0 0.0 X X 1116274 0 53246 Clyde B Jones III SVP, Institutional Advancement 35.0 0.0 X 517522 0 49635 Sharon H Cott SVP, Secretary & Gen. Counsel 35.0 0.0 X 454796 0 61856 Jameson Kelleher SVP, Fin & Ops, CFO, Treasurer 35.0 0.0 X 459598 0 50247 Laurel Britton SVP, Revenue & Ops. to 2/21 35.0 0.0 X 460971 0 38150 Tom Javits VP Construct/Facility to 11/20 35.0 0.0 X 406538 0 50211 Allison Rutledge-Parisi VP Chief HR Officer to 1/21 35.0 0.0 X 374401 0 52459 Quincy Houghton Deputy Dir for Exhibitions 35.0 0.0 X 356996 0 61573 Kenneth Weine VP Ex. Affairs/Chief Comms Off 35.0 0.0 X 344418 0 53147 Keith R Christiansen Chairman, European Paintings 35.0 0.0 X 323341 0 56266 Stephen A Manzi Chief Dev Off, Indiv Giving 35.0 0.0 X 321056 0 56820 Michael B Gallagher Conservation Chairman 35.0 0.0 X 312516 0 61286 Andrea Bayer Deputy Dir, Collections/Admin 35.0 0.0 X 311677 0 56597 Stephen Martin Mannello GMM & Head of Retail 35.0 0.0 X 315484 0 44367 Keith Prewitt Chief Security Officer 35.0 0.0 X 308285 0 33827 Inka Drogemuller Dep Dir Digital/Edu/Pub/Lbrary 35.0 0.0 X 306665 0 31777 Daniel Brodsky Elective Trustee/Chair to 1/21 5.0 0.0 X X 0 0 0 Candace K Beinecke Elective Trustee/Co-Chair 1/21 5.0 0.0 X X 0 0 0 Hamilton E James Elective Trustee/Co-Chair 1/21 5.0 0.0 X X 0 0 0 Richard L Chilton Jr Elective Trustee & Vice Chair 2.0 0.0 X X 0 0 0 Lulu C Wang Elect Trust/Vice Chair to 9/20 1.0 0.0 X X 0 0 0 Charles N Atkins Elective Trustee 1.0 0.0 X 0 0 0 Debra Black Elective Trustee 1.0 0.0 X 0 0 0 Samantha Boardman Elective Trustee 2.0 0.0 X 0 0 0 James Breyer Elective Trustee 1.0 0.0 X 0 0 0 Wellington Z Chen Elective Trustee 1.0 0.0 X 0 0 0 Ursula Burns Elective Trustee as of 3/21 1.0 0.0 X 0 0 0 N Anthony Coles Elective Trustee 2.0 0.0 X 0 0 0 Stephen M Cutler Elective Trustee 2.0 0.0 X 0 0 0 Blair Effron Elective Trustee 2.0 0.0 X 0 0 0 Mark Fisch Elective Trustee 2.0 0.0 X 0 0 0 Colvin W Grannum Elective Trustee 2.0 0.0 X 0 0 0 Jeffrey W Greenberg Elective Trustee 2.0 0.0 X 0 0 0 Amy Griffin Elective Trustee as of 3/21 1.0 0.0 X 0 0 0 Caroline Diamond Harrison Elective Trustee 1.0 0.0 X 0 0 0 J Tomilson Hill Elective Trustee 1.0 0.0 X 0 0 0 Bonnie B Himmelman Elective Trustee to 9/20 1.0 0.0 X 0 0 0 Jeff Himmelman Elective Trustee as of 11/20 1.0 0.0 X 0 0 0 Ming Chu Hsu Elective Trustee 1.0 0.0 X 0 0 0 Michael ByungJu Kim Elective Trustee 1.0 0.0 X 0 0 0 Sacha Lainovic Elective Trustee 2.0 0.0 X 0 0 0 Philip F Maritz Elective Trustee 2.0 0.0 X 0 0 0 Howard Marks Elective Trustee 2.0 0.0 X 0 0 0 Catie Marron Elective Trustee 1.0 0.0 X 0 0 0 Bijan Mossavar-Rahmani Elective Trustee 2.0 0.0 X 0 0 0 Dasha Zhukova Niarchos Elective Trustee 1.0 0.0 X 0 0 0 Jeffrey M Peek Elective Trustee 2.0 0.0 X 0 0 0 Gina Peterson Elective Trustee 1.0 0.0 X 0 0 0 Edward N Pick Elective Trustee 1.0 0.0 X 0 0 0 John Pritzker Elective Trustee 1.0 0.0 X 0 0 0 Sir Paul Ruddock Elective Trustee 1.0 0.0 X 0 0 0 Alejandro Santo Domingo Elective Trustee 2.0 0.0 X 0 0 0 Karen Patton Seymour Elective Trustee as of 5/21 1.0 0.0 X 0 0 0 Andrew Solomon Elective Trustee 1.0 0.0 X 0 0 0 Beatrice Stern Elective Trustee 1.0 0.0 X 0 0 0 Gaby Sulzberger Elective Trustee 1.0 0.0 X 0 0 0 Ann G Tenenbaum Elective Trustee 1.0 0.0 X 0 0 0 Merryl H Tisch Elective Trustee 1.0 0.0 X 0 0 0 Mathew M Wambua Elective Trustee 1.0 0.0 X 0 0 0 David S Winter Elective Trustee as of 3/21 1.0 0.0 X 0 0 0 Dame Anna Wintour Elective Trustee 1.0 0.0 X 0 0 0 Bill de Blasio Ex-Officio Trustee 1.0 0.0 X 0 0 0 Corey Johnson Ex-Officio Trustee 1.0 0.0 X 0 0 0 Mitchell J Silver Ex-Officio Trustee 1.0 0.0 X 0 0 0 Gonzalo Casals Ex-Officio Trustee 1.0 0.0 X 0 0 0 Scott Stringer Ex-Officio Trustee 1.0 0.0 X 0 0 0 9235760 0 1259834 348 false true false SKANSKA USA BUILDING INC 389 Interpace Parkway 5th Fl PARSIPPANY NJ 07054 Construction Manager 28465025 SHAWMUT DESIGN AND CONSTRUCTION 506 Harrison Avenue BOSTON MA 02118 Construction Manager 2269307 BEYER BLINDER BELLE ARCHITECTS 120 Broadway NEW YORK NY 10271 ARCHITECTURE SERVICE 2153552 KNIGHT ELECTRICAL SERVICES CORP 599 11th Avenue NEW YORK NY 10036 ELECTRICIAN 2096481 Atrium Staffing LLC 625 Liberty Ave Suite 200 PITTSBURGH PA 15222 TEMPORARY STAFFING 1502878 68 18990246 533520 6325708 168370217 15104146 194219691 EDUCATIONAL PRGMS, CONCERTS & LECTURES 532000 4286597 4286597 PHOTO RENTALS & FILM FEES 532000 149203 149203 4435800 31447165 -5048101 36495266 0 7635 7635 0 0 0 1269896199 961807534 308088665 308088665 308088665 0 533520 152555 -152555 -152555 0 0 0 22537103 27430151 -4893048 -4824481 -68567 PARKING GARAGE 812930 1623976 1623976 RESTAURANT 722511 470088 470088 PROCEEDS FROM SALE OF ART 900099 1232600 1232600 3326664 536480017 694716 -4967465 346533075 0 2491071 2491071 39583 39583 0 7688732 2091612 4735180 861940 0 120465968 60303865 53226986 6935117 9633524 4700844 4347396 585284 49019182 19865682 26680102 2473398 7705309 3759939 3477235 468135 0 1248194 103298 1144896 724668 724668 83700 83700 0 23080231 23080231 5947146 5272667 234207 440272 5843362 397535 3711795 1734032 14570159 12027865 2219791 322503 3243453 369967 2750139 123347 0 5462510 2280414 3181856 240 288197 239859 45315 3023 0 268889 124014 76555 68320 13716305 10357308 3183012 175985 0 47625904 42326459 5028675 270770 2441493 902594 1538899 PURCHASES OF ART 36402169 36402169 RESTAURANT SERVICES & SUPPLIES 5525 162 5363 REPAIRS & MAINTENANCE 9293194 7055514 2114758 122922 CATERING SERVICES 475131 297625 105375 72131 1214231 223048 908102 83081 368977830 211633094 142520536 14824200 107537254 41261138 0 0 132149424 145804192 8401423 12833160 0 0 0 0 0 0 8716108 5052707 11058394 4734662 1234545039 864840678 370204709 369704361 2713133698 3363947067 1142402533 1593650696 0 0 0 0 37350200 51567009 4530953743 5588554992 74133698 90861179 0 0 11006855 14512859 180372270 168818467 0 0 0 0 73525714 9417277 247539041 247645365 266370675 217299580 852948253 748554727 X 1002547639 1354620135 2675457851 3485380130 3678005490 4840000265 4530953743 5588554992 X 167502187 889889504 104603084 X false true X true false X 312492656 279348687 343470192 245041493 194219691 1374572719 0 14667793 17908833 16194609 14685720 12711126 76168081 327160449 297257520 359664801 259727213 206930817 1450740800 132918432 1317822368 39412992 44924524 45146385 50863902 36502901 216850704 0 0 1667591504 289893519 0.79026 0.81160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27036 354142 381178 396179361 396560539 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 342708 321647 313323 381179 1358857 250000 250000 250000 250000 1000000 1500000 20948 18759 19000 27036 85743 X X X X false 3261957741 37841684 1201381824 3031628 149560245 4348589376 3256389064 52194550 123776925 3182733 167220065 3261957741 3141933837 87717708 183685830 3167736 153780575 3256389064 2893395137 39032474 330683094 3156563 118020305 3141933837 2523689299 106501247 388580757 2998554 122377612 2893395137 0.28880 0.71120 false false 1015000 1015000 41482150 31480249 10001901 1136894595 787739651 349154944 55153294 45620778 9532516 369704361 PRIVATE EQUITY 1121462019 F REAL ASSETS 472188677 F 1593650696 0 ANNUITY & SPLIT-INT OBLIGS. 16819682 PENSION AND OTHER ACCRUED RTRM 191850178 LEASE LIABILITY 8629720 217299580 404287065 889889504 12711125 902600629 -498313564 1034793581 1034793581 536480017 284375630 40293835 40293835 244081795 124896035 124896035 368977830 SCHEDULE D, PART III, LINE 1A SFAS 116 FOOTNOTE IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION, AND GIFTS OF ART OBJECTS ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASES OF ART OBJECTS BY THE MUSEUM ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PURSUANT TO STATE LAW AND MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS TEMPORARILY RESTRICTED NET ASSETS FOR THE ACQUISITION OF ART. SCHEDULE D, PART III, LINE 4 DESCRIPTION OF ORGANIZATION'S COLLECTIONS & FURTHERANCE OF EXEMPT PURPOSE THE MUSEUM'S WORLD-CLASS ART COLLECTION SPANS THE GLOBE AND RANGES IN DATE FROM ANCIENT TO CONTEMPORARY ART. IT OFFERS A SURVEY OF CONSIDERABLE BREADTH OF ART FROM THE ANCIENT CIVILIZATIONS OF ASIA, AFRICA, SOUTH AMERICA, THE PACIFIC ISLANDS, EGYPT, THE NEAR EAST, AND GREECE AND ROME TO THE PRESENT TIME. THE MUSEUM'S COLLECTIONS INCLUDE EUROPEAN PAINTINGS, MEDIEVAL ART AND ARCHITECTURE, ARMS AND ARMOR, PRINTS, PHOTOGRAPHS, DRAWINGS, COSTUMES, MUSICAL INSTRUMENTS, SCULPTURE, TEXTILES, AND DECORATIVE ARTS FROM THE RENAISSANCE TO THE PRESENT TIME, AS WELL AS ONE OF THE FOREMOST COLLECTIONS OF AMERICAN ART IN THE WORLD. THE MUSEUM ALSO MAINTAINS SOME OF THE MOST COMPREHENSIVE ART AND ARCHITECTURE LIBRARIES IN THE UNITED STATES. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. SCHEDULE D, PART V, LINE 3A & 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE MUSEUM'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT EDUCATIONAL PROGRAMS, SCHOLARLY RESEARCH AND PUBLICATIONS, ACQUISITIONS OF WORKS OF ART, CONSERVATION OF WORKS OF ART, SPECIAL EXHIBITS OF INTEREST TO THE PUBLIC, MAINTENANCE AND EXPANSION OF GALLERIES, AND GENERAL OPERATING SUPPORT FOR MUSEUM EXPENSES. SCHEDULE D, PART XI, LINE 1 AUDITED FINANCIAL STATEMENTS INCLUDE $245,358,520 FROM OPERATING ACTIVITIES AND $158,928,545 FROM NON-OPERATING ACTIVITIES FOR REVENUE, GAINS AND OTHER SUPPORT. TOTAL PART XI, LINE 1 $404,287,065. SCHEDULE D, PART XI, LINE 2D RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: FEDERAL INDEMNIFICATION 69,382 UTILITIES PROVIDED BY THE CITY OF NEW YORK 12,641,744 OTHER ADJUSTMENTS (1) ----------- TOTAL 12,711,125 SCHEDULE D, PART XI, LINE 4B RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: MANAGEMENT FEES AND OTHER INVESTMENT EXPENSES 22,863,603 EXCESS INVESTMENT RETURN 1,043,233,260 COST OF SALES (27,430,151) FUNDRAISING EVENTS (152,555) PROCEEDS FROM SALE OF ART 1,232,600 2015 BOND PROCEEDS 145,145 CORPORATE SPECIAL EVENTS 169,361 MUSEUM LOANS (219,581) PARTNERSHIP UBIT (5,048,101) ------------ TOTAL 1,034,793,581 SCHEDULE D, PART XII, LINE 2D RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: COST OF SALES 27,430,151 FUNDRAISING EVENTS 152,555 FEDERAL INDEMNIFICATION 69,382 UTILITIES PROVIDED BY THE CITY OF NEW YORK 12,641,744 OTHER ADJUSTMENTS 3 ------------ TOTAL 40,293,835 SCHEDULE D, PART XII, LINE 4B RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: DEPRECIATION AND MISCELLANEOUS NON-CAPITAL EXPENSES 44,759,667 PURCHASES OF ART 36,402,169 MANAGEMENT FEES AND OTHER INVESTMENT INCOME 22,863,603 INVESTMENT EXPENSES ON THE SERIES 2015 BOND 216,629 CORPORATE SPECIAL EVENTS 169,361 MUSEUM LOANS (219,581) EFFECT OF INTEREST RATE SWAP 12,396,100 NET PERIODIC PENSION AND POST RETIREMENT BENEFIT COST 8,308,087 ----------- TOTAL 124,896,035 true Europe (Including Iceland and Greenland) Grantmaking 39583 Europe (Including Iceland and Greenland) Program Services RESEARCH & EXHIBITIONS 225587 East Asia and the Pacific Program Services RESEARCH & EXHIBITIONS 58855 South Asia Program Services RESEARCH & EXHIBITIONS 3341 South America Program Services RESEARCH & EXHIBITIONS 272 Middle East and North Africa Program Services RESEARCH & EXHIBITIONS 5500 North America Program Services RESEARCH & EXHIBITIONS 5000 Central America and the Caribbean Investments 1433641200 Europe (Including Iceland and Greenland) Investments 37830176 1471809514 1471809514 T. Rousseau Fellowship Europe (Including Iceland and Greenland) 1 39583 CHECK N/A N/A true false true true true false MONITORING PROCEDURES - FORM 990, SCHEDULE F, PART I, LINE 2 The Museum awards grants, educational travel stipends and fellowships on an objective and nondiscriminatory basis. A Grants Committee, comprised of Museum curators, conservators, educators, scientists and librarians make selections based upon competitive written applications. The purpose of the grants is to provide an opportunity for the grantees to conduct research, extend their professional knowledge and contribute to their respective fields at large. To the best of the Museum's knowledge none of the recipients of the grants or fellowships are related to any person such as a trustee, an officer, or a key person of the Museum. Every grantee is assigned a specific supervisor at the start of the grantee's fellowship period. The supervisor is either a curator, conservator or scientist from the department hosting the individual grantee. The grantee and supervisor are in contact throughout the year and discuss all of the details of the grantee's research work. In addition, the Academic and Professional Programs Office, which is responsible for all of the fellows, requires periodic updates on the grantee's research. DONOR SERVICES GROUP TELE- MARKETING false AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI Costume Instit 118980 RE Council Ben 533520 533520 568 6 33006 533520 533520 152554 152554 -152554 SCHEDULE G, PART II, LINE 11 AND FORM 990, PART VIII, LINE 8 PLEASE NOTE THAT THE MET DID NOT HOLD ANY FUNDRAISING EVENTS IN FISCAL YEAR 2021 DUE TO COVID-19 RELATED RESTRICTIONS. THE $533,520 OF CONTRIBUTIONS PRESENTED ON SCHEDULE G, PART II, LINE 1 REPRESENT OUTRIGHT DONATIONS GIVEN BY PAST PARTICIPANTS TO THE REAL ESTATE COUNCIL BENEFIT. ALL DONORS WERE SOLICITED VIA A MAIL-IN APPEAL. THE $152,555 LOSS ON FORM 990, PART VIII, LINE 8(C) EXCLUDES THE $533,520 OF CONTRIBUTIONS, WHICH IF INCLUDED, WOULD RESULT IN A NET SURPLUS OF $380,965. true The Bothmer Fellowship 2 46500 N/A N/A Sylvan C. and Pam Coleman Memorial Fellowship 6 92750 N/A N/A Chester Dale Fellowship 5 96791 N/A N/A Annette de la Renta Fellowship 1 6667 N/A N/A The Douglass Foundation Fellowship 1 43042 N/A N/A Andrew W. Mellon Art History Fellowship 11 285125 N/A N/A Andrew W. Mellon Conservation Fellowship 10 236142 N/A N/A Andrew W. Mellon Postdoctoral Curatorial Fellowshi 4 173873 N/A N/A Andrew W. Mellon Collection Specialist Fellowship 5 266863 N/A N/A Research Scholarship in Photograph Conservation Fe 1 56500 N/A N/A J.Clawson Mills Fellowship 5 159000 N/A N/A Slifka Foundation Fellowship 1 25000 N/A N/A Hanns Swarzenski and Brigitte Horney Fellowship 2 46500 N/A N/A Jane and Morgan Whitney Fellowship 12 257500 N/A N/A Polaire Weissman Fellowship 1 46500 N/A N/A Leonard A. Lauder Fellowships in Modern Art 8 323688 N/A N/A Mellon Supplemental Fellowship Funds 76 231196 N/A N/A Hagop Kevorkian Fellowship 1 29267 N/A N/A Gerald and May Ritter Memorial Fund Fellowship 1 47917 N/A N/A Vilchek Fellowship 2 13583 N/A N/A De La Renta Fellowship 1 6667 N/A N/A MONITORING PROCEDURES - FORM 990, SCHEDULE I, PART I, LINE 2 The Museum awards grants, educational travel stipends and fellowships on an objective and nondiscriminatory basis. A Grants Committee, comprised of Museum curators, conservators, educators, scientists and librarians, make selections based upon competitive written applications. The purpose of the grants is to provide an opportunity for the grantees to conduct research, extend their professional knowledge and contribute to their respective fields at large. To the best of the Museum's knowledge, none of the recipients of the grants or fellowships are related to any person such as a trustee, an officer, or a key employee of the Museum. Every grantee is assigned a specific supervisor at the start of the grantee's fellowship period. The supervisor is either a curator, conservator or scientist from the department hosting the individual grantee. The grantee and supervisor are in contact throughout the year and discuss all of the details of the grantee's research work. In addition, the Academic and Professional Programs Office which is responsible for all of the fellows requires periodic updates on the grantees' research. X true true X X X X X X false true false false false false false true false Lauren A Meserve SVP & Chief Investment Officer 639142 0 681225 0 2012 0 376320 0 9807 0 1708506 0 344646 0 Daniel H Weiss President, CEO, Ex-Off. Truste 958219 0 0 264624 0 39746 0 22497 0 1285086 0 0 0 Max Hollein Marina Kellen French Director 914342 0 0 201932 0 31350 0 21896 0 1169520 0 0 0 Clyde B Jones III SVP, Institutional Advancement 509998 0 0 7524 0 39746 0 9889 0 567157 0 0 0 Sharon H Cott SVP, Secretary & Gen. Counsel 447712 0 0 7084 0 39746 0 22110 0 516652 0 0 0 Jameson Kelleher SVP, Fin & Ops, CFO, Treasurer 454161 0 0 5437 0 39746 0 10501 0 509845 0 0 0 Laurel Britton SVP, Revenue & Ops. to 2/21 453451 0 0 7520 0 35823 0 2327 0 499121 0 0 0 Tom Javits VP Construct/Facility to 11/20 325635 0 0 80903 0 30346 0 19865 0 456749 0 0 0 Allison Rutledge-Parisi VP Chief HR Officer to 1/21 370815 0 0 3586 0 31260 0 21199 0 426860 0 0 0 Quincy Houghton Deputy Dir for Exhibitions 353533 0 0 3463 0 39746 0 21827 0 418569 0 0 0 Kenneth Weine VP Ex. Affairs/Chief Comms Off 342601 0 0 1817 0 31350 0 21797 0 397565 0 0 0 Keith R Christiansen Chairman, European Paintings 308078 0 0 15263 0 35046 0 21220 0 379607 0 0 0 Stephen A Manzi Chief Dev Off, Indiv Giving 312112 0 0 8944 0 35280 0 21540 0 377876 0 0 0 Michael B Gallagher Conservation Chairman 297126 0 0 15390 0 39746 0 21540 0 373802 0 0 0 Andrea Bayer Deputy Dir, Collections/Admin 302755 0 0 8922 0 35001 0 21596 0 368274 0 0 0 Stephen Martin Mannello GMM & Head of Retail 313033 0 0 2451 0 28454 0 15913 0 359851 0 0 0 Keith Prewitt Chief Security Officer 298929 0 5000 0 4356 0 31350 0 2477 0 342112 0 0 0 Inka Drogemuller Dep Dir Digital/Edu/Pub/Lbrary 305092 0 0 1573 0 22800 0 8977 0 338442 0 0 0 SCHEDULE J, PART I, LINE 1A PERSONAL HOUSING - FOR CALENDAR YEAR 2020, THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, DANIEL WEISS AND TO THE DIRECTOR, MAX HOLLEIN. THESE ALLOWANCES WERE TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4B THE FOLLOWING PERSONS PARTICIPATED IN OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2020: DANIEL WEISS - $107,100 MAX HOLLEIN - $50,000 SCHEDULE J, PART I, LINE 7 PURSUANT TO THE MUSEUM'S INCENTIVE COMPENSATION PLAN FOR INVESTMENT STAFF, SENIOR VICE PRESIDENT AND CHIEF INVESTMENT OFFICER, LAUREN MESERVE, RECEIVED A BONUS PAYMENT OF $681,225, WHICH IS INCLUDED IN SCHEDULE J, PART II COLUMN B. SCHEDULE J, PART II, COLUMN (C) COLUMN (C) INCLUDES DEFERRED COMPENSATION AS FOLLOWS: A BONUS PAYMENT FOR LAUREN MESERVE OF $344,646. THIS DEFERRED COMPENSATION MAY BE FORFEITED IF THE RECIPIENT LEAVES THE MUSEUM'S EMPLOYMENT BEFORE IT IS PAID. THE EXACT AMOUNT IS SUBJECT TO ADJUSTMENT BASED ON THE PERFORMANCE OF THE ENDOWMENT FUND. A TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY 911882413 649717NP6 2006-12-01 65000000 PARTIAL FUNDING OF CAPITAL PROJECT false false false B Trust for Cultural Resources of the City of NY 911882413 649717NQ4 2006-12-01 65000000 PARTIAL FUNDING OF CAPITAL PROJECT false false false A 0 0 65000000 0 0 0 795690 0 0 64204310 0 0 false false true true B 0 0 65000000 0 0 0 795690 0 0 64204310 0 0 false false true true A false false true true false 0 false false false true B false false true true false 0 false false false true A false true true false 0 false 0 false true B false true true false 0 false 0 false true A true B true Schedule K, Part III. Lines 4-6, Private Business and Unrelated Use THE MUSEUM PERFORMS A DETAILED PRIVATE BUSINESS AND UNRELATED USE CALCULATION. THE MUSEUM CALCULATED ITS PRIVATE BUSINESS AND UNRELATED USE FOR THE FISCAL YEAR ENDED JUNE 30, 2021 TO BE NEARLY 0% IN TAX EXEMPT BOND-FINANCED SPACE. THIS ANALYSIS EXCLUDES COST OF ISSUANCE. X 154 X 9 X 193 14517926 Mkt Value- Gift Date 92 false true true SCHEDULE M, PART I, COLUMN (B) THE AMOUNTS SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS AND NOT NECESSARILY THE TOTAL NUMBER OF ITEMS CONTRIBUTED. USE OF THIRD PARTIES - FORM 990, SCHEDULE M, PART I, LINE 32B The Museum may, from time to time, sell art works acquired as non-cash contributions through third parties such as public auction houses, private dealers, or individuals. In each case, the Museum enters into a contract or agreement with the third party conducting or participating in the sale and adheres to its own published policy regarding such sales as well as applicable IRS laws and standards of accounting. NON-REVENUE CONTRIBUTIONS - FORM 990, SCHEDULE M, PART I, LINE 33 In accordance with FASB's SFAS 116, the Museum does not treat donations of property of the types described in Part I of Schedule M as revenue or capitalize its collections because they are used to support its non-profit educational mission, and, should the property be sold, proceeds from such sale would be used solely to acquire other items for the collection. These accounting standards are also endorsed by the American Alliance of Museums and the Association of Art Museum Directors, of which organizations the Museum is a member. Notwithstanding the foregoing, for a limited period of time, the Museum has adopted temporary guidelines promulgated by AAMD, in recognition of the impact of the COVID-19 crisis on art museums, that permit art museums, on a temporary basis until April 10, 2022, to use the proceeds from the sale of art for the direct care of a museum's collection (in addition to for the purchase of art). These temporary guidelines are set forth in the Museum's Collections Management Policy, which is available on the Museum's website. These temporary guidelines were adopted on March 2, 2021 and will expire on April 10, 2022. FORM 990, PART III - PROGRAM SERVICES MISSION AND ACCOMPLISHMENTS THE METROPOLITAN MUSEUM OF ART WAS FOUNDED ON APRIL 13, 1870, WITH A STATEMENT OF PURPOSE THAT HAS GUIDED IT FOR OVER 140 YEARS: "TO BE LOCATED IN THE CITY OF NEW YORK, FOR THE PURPOSE OF ESTABLISHING AND MAINTAINING IN SAID CITY A MUSEUM AND LIBRARY OF ART, OF ENCOURAGING AND DEVELOPING THE STUDY OF THE FINE ARTS, AND THE APPLICATION OF ARTS TO MANUFACTURE AND PRACTICAL LIFE, OF ADVANCING THE GENERAL KNOWLEDGE OF KINDRED SUBJECTS, AND, TO THAT END, OF FURNISHING POPULAR INSTRUCTION." ON JANUARY 13, 2015, THE TRUSTEES OF THE METROPOLITAN MUSEUM OF ART REAFFIRMED THE ABOVE STATEMENT OF PURPOSE AND SUPPLEMENTED IT WITH THE FOLLOWING STATEMENT OF MISSION: "THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES IN ORDER TO CONNECT PEOPLE TO CREATIVITY, KNOWLEDGE, AND IDEAS." WHEN THE METROPOLITAN MUSEUM OF ART REOPENED ITS DOORS TO THE PUBLIC ON AUGUST 29, 2020, AFTER FIVE MONTHS OF CLOSURE DUE TO THE COVID-19 PANDEMIC, IT WAS A SIGNAL TO THE WORLD THAT LIFE WAS RETURNING TO NEW YORK CITY AND THE MET. THE JOY AND GRATITUDE EXPRESSED BY OUR VISITORS AND MEMBERS WAS NEARLY OVERWHELMING, AND AS WE LOOK BACK ON THAT DAY AND THE FISCAL YEAR -- WITH ITS ACCOMPLISHMENTS AND RENEWED SENSE OF PURPOSE, AND WITH FEELINGS OF HOPE AND CAUTIOUS OPTIMISM -- WE ARE REMINDED THAT, FOR A MISSION-DRIVEN INSTITUTION SUCH AS THE MET, WITH RESILIENCE COMES RESPONSIBILITY. AUGUST 29, 2020, WAS A HISTORIC DAY FOR THE INSTITUTION AND IN MANY WAYS REPRESENTS THE BEGINNING OF A JOURNEY FOR THE ENTIRE MUSEUM. THE STEPS TAKEN IN FISCAL YEAR 2021, AT ALL LEVELS OF THE MET, OUTLINE A PATH THAT WILL ALLOW US TO GROW INTO A STRONGER, MORE DIVERSE MUSEUM THAT SERVES ALL COMMUNITIES -- ONE THAT IS A TESTAMENT TO BOTH THE POWER OF ART AND PERSEVERANCE OF HUMANITY. MANY OF THOSE STEPS, AS WELL AS OTHER ACHIEVEMENTS DURING THE YEAR, WOULD NOT HAVE BEEN POSSIBLE WITHOUT THE COMMITMENT AND DEDICATION DEMONSTRATED BY OUR SUPPORTERS, OUR BOARD OF TRUSTEES, AND, ESPECIALLY, OUR STAFF, WHOSE EFFORTS OVER THE PAST NINETEEN MONTHS HAVE BEEN NOTHING SHORT OF HEROIC. AS THREE MONTHS INTO A NEW FISCAL YEAR AND THE START OF OUR FALL SEASON, THE FRUITS OF THOSE COLLECTIVE EFFORTS ARE CLEAR: THE MET IS THRIVING, AND THE MOMENTUM IS PROMISING. ATTENDANCE HAS BEEN RISING STEADILY -- FROM ROUGHLY 3,000 VISITORS A DAY WHEN WE REOPENED TO MORE THAN 10,000 DAILY VISITORS LAST SPRING AND SUMMER -- AND WE ARE AGAIN OPEN ON TUESDAYS AND HAVE RESUMED FRIDAY AND SATURDAY EVENING HOURS. THROUGHOUT THE PANDEMIC, WE HAVE PRESENTED A HIGHLY AMBITIOUS PROGRAM OF EXHIBITIONS, AND THE MONTHS AHEAD ARE NO EXCEPTION. THIS FALL ALSO BRINGS THE RETURN OF MANY BELOVED MET ACTIVITIES, INCLUDING DOCENT TOURS, TALKS WITH CURATORS AND CONSERVATORS, AND LIVE ARTS IN-PERSON PERFORMANCES. THE COSTUME INSTITUTE BENEFIT ALSO RETURNED THIS SEPTEMBER, MARKING THE OPENING OF THE EXHIBITION IN AMERICA: A LEXICON OF FASHION, AND WAS A RESOUNDING SUCCESS IN SPITE OF THE RESTRICTIONS AND COMPLICATIONS IMPOSED BY THE PANDEMIC, THANKS TO THE EXTRAORDINARY TEAMWORK AMONG OUR STAFF. IN FISCAL YEAR 2021, THE MET'S MISSION -- TO CONNECT AUDIENCES TO CREATIVITY AND KNOWLEDGE; TO PROTECT AND PRESERVE THE INSTITUTION AND ITS MAGNIFICENT COLLECTION IN PERPETUITY; AND TO BE GOOD CITIZENS AND EXEMPLARY LEADERS IN OUR CURRENT TIMES -- SAW TREMENDOUS PROGRESS. AS WE MOVE FORWARD AND ADAPT TO A CHANGING WORLD, WE RECOGNIZE THE REMARKABLE PERIOD WE ARE IN. THE MET IS A MAGNIFICENT INSTITUTION -- HOME TO 5,000 YEARS OF CREATIVITY, WORLD-CLASS SCHOLARSHIP, AND INNOVATIVE PROGRAMMING THAT SPEAKS TO EVERYONE -- AND OUR EMBRACE OF THE OPPORTUNITIES PRESENTED BY THIS TRANSITIONAL TIME -- TO BECOME BETTER, STRONGER, AND A TRUE MUSEUM OF THE WORLD, FOR THE WORLD -- CAN BE SEEN IN ALL THAT WE ACCOMPLISHED IN FISCAL YEAR 2021. ON-SITE ATTENDANCE AFTER THE MUSEUM'S REOPENING ON AUGUST 29, 2020, WE WELCOMED APPROXIMATELY 1.2 MILLION VISITORS TO THE MET FIFTH AVENUE AND THE MET CLOISTERS IN FISCAL YEAR 2021 (THE MET CLOISTERS DREW 90,489 VISITORS). DESPITE THE SIGNIFICANT REDUCTION IN TOURISM THIS YEAR, THANKS TO OUR HIGHLY AMBITIOUS PROGRAM OF EXHIBITIONS AND EVENTS, THE MET SAW STRONG ATTENDANCE TRENDS. AS NOTED ABOVE, THE NUMBER OF VISITORS HAS BEEN RISING STEADILY -- FROM APPROXIMATELY 3,000 PER DAY WHEN WE REOPENED TO MORE THAN 10,000 DAILY IN SPRING AND SUMMER -- AND THE MUSEUM CONTINUES TO BE ONE OF NEW YORK'S MOST VISITED TOURIST ATTRACTIONS FOR DOMESTIC AND INTERNATIONAL AUDIENCES, DRAWING IN A WIDE RANGE OF PEOPLE. THE YEAR ALSO UNDERSCORED THE IMPORTANCE OF THE MET IN THE LIVES OF NEW YORKERS AND THOSE WHO LIVE IN THE TRISTATE AREA: LOCAL VISITORS FROM THE FIVE BOROUGHS MADE UP 63 PERCENT OF THE OVERALL ATTENDANCE THIS YEAR, AND 17 PERCENT WERE FROM THE TRISTATE AREA, WHILE INTERNATIONAL TOURISTS ACCOUNTED FOR 3 PERCENT OF VISITORS. THE IMPORTANCE OF OUR MEMBERS HAS ALSO BEEN UNDERSCORED: THIS YEAR, MEMBERS REPRESENT 25 PERCENT OF OUR VISITORS (USUALLY THE FIGURE IS ABOUT 10 PERCENT). ADDITIONALLY, IN A YEAR THAT SHOWED US MORE CLEARLY THAN EVER HOW IMPORTANT THE MET IS FOR THOSE WHO LIVE NEARBY, WE WERE HONORED, AS A CIVIC INSTITUTION, TO SERVE AS A VOTING SITE FOR THE 2021 NEW YORK CITY MAYORAL ELECTION PRIMARY IN JUNE. COMMITMENTS TO ANTI-RACISM AND DIVERSITY THE WORK THAT WE ACCELERATED IN 2020 TO CONFRONT THE REALITIES OF RACISM WITHIN OUR INSTITUTION AND ENACT REAL AND LASTING CHANGE CONTINUED APACE IN FISCAL YEAR 2021. IT INCLUDED THE APPOINTMENT IN JANUARY 2021 OF THE MUSEUM'S FIRST CHIEF DIVERSITY OFFICER, WHO OVERSEES OUR ONGOING DIVERSITY PROJECTS AND IS A KEY MEMBER OF THE MANAGEMENT TEAM, ENSURING THAT DIVERSITY AND EQUITY ARE AT THE CORE OF EVERY DECISION AT THE HIGHEST LEVEL OF THE MUSEUM. WHILE WE HAVE BEEN ENGAGED IN A DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY (DEIA) STRATEGIC PLAN FOR THE PAST SEVERAL YEARS, WE RECOGNIZED WE NEEDED TO REDOUBLE AND EXPAND OUR EFFORTS. IN JULY 2020, WE RELEASED OUR COMMITMENTS TO ANTIRACISM, DIVERSITY, AND A STRONGER COMMUNITY AS A COURSE OF ACTIONS THAT WOULD JUMP-START OUR DEIA WORK AND MEANINGFULLY MOVE THE MUSEUM FORWARD. MANY OF THE COMMITMENTS WERE FORMED THIS YEAR, WHILE OTHERS ARE PART OF ONGOING EFFORTS THAT WILL CONTINUE TO BUILD ON THE CRITICAL ACHIEVEMENTS TO DATE. SOME HIGHLIGHTS OF OUR WORK IN THIS AREA ARE SUMMARIZED HERE. IN FISCAL YEAR 2021, STAFF AT ALL LEVELS OF THE INSTITUTION RECEIVED ANTIRACISM TRAINING THROUGH WORKSHOPS THAT HELPED CREATE A SHARED UNDERSTANDING OF THE ISSUES OF BIAS AND DISCRIMINATION (THE VOLUNTEER ORGANIZATION WILL PARTICIPATE IN ANTIRACISM WORKSHOPS THIS FALL AND WINTER, AND WORKSHOPS FOR OUR TRUSTEES ARE IN THE PLANNING STAGE). WE FURTHERED OUR COMMITMENTS TO DIVERSIFYING STAFF BY IMPROVING OUR SEARCH PROCESS AND INVESTED IN BROADENING THE POOL OF FUTURE MUSEUM AND ARTS WORKERS -- THIS YEAR, OVER 50 PERCENT OF NEW HIRES FOR KEY ROLES ACROSS THE MUSEUM, INCLUDING DEPARTMENT HEADS, SENIOR MANAGERS, AND CURATORS, WERE PEOPLE OF COLOR, AND, THANKS TO A GENEROUS GIFT FROM ADRIENNE ARSHT, 100 PERCENT OF ALL UNDERGRADUATE AND GRADUATE INTERNSHIPS ARE NOW FULLY FUNDED, MAKING US A LEADER IN THE MUSEUM FIELD. IN THE COLLECTIONS AREA, WE CREATED AN ENDOWMENT DEDICATED TO THE ACQUISITION OF WORKS BY BIPOC ARTISTS IN OUR TWENTIETH- AND TWENTY-FIRST-CENTURY COLLECTIONS AND ARE RETHINKING OUR PERMANENT COLLECTION DISPLAYS TO HIGHLIGHT NEW NARRATIVES, AS SEEN IN THE REINSTALLATION OF THE EUROPEAN PAINTINGS GALLERIES, AMONG OTHERS. WE ARE ALSO PROUD OF THE MUSEUM'S WORK WITH NATIVE AMERICAN ART AND COMMUNITIES, THROUGH THE HIRING OF OUR FIRST CURATOR OF NATIVE AMERICAN ART, THE EVOLVING PRESENTATION OF THE CHARLES AND VALERIE DIKER COLLECTION AND OTHER RELATED EXHIBITIONS IN THE AMERICAN WING, THE LAND ACKNOWLEDGMENT PLAQUE THAT WE INSTALLED IN MAY, AND MORE. PLANNING IS UNDERWAY FOR EXHIBITIONS AND INSTALLATIONS THAT INCLUDE CRITICAL COLLABORATIONS WITH BIPOC SCHOLARS AND ARTISTS, AND WE ARE CONTINUING TO FURTHER HIGHLIGHT DIVERSE PERSPECTIVES AND EXPAND NARRATIVES IN ALL OF OUR PROGRAMMING -- FROM EDUCATIONAL TO DIGITAL, PUBLICATIONS, PERFORMANCES, LECTURES, EVENTS, AND MORE. THE EMPLOYEE RESOURCE GROUPS (ERGS), FORMED TO HELP FOSTER A MORE INCLUSIVE AND EQUITABLE EXPERIENCE OF WORKING AT THE MET, CONCLUDED THEIR PILOT YEAR, AND WE ARE WORKING WITH EACH GROUP TO ENSURE THEY HAVE WHAT THEY NEED TO CONTINUE FOSTERING COMMUNITY ACROSS THE MUSEUM. WE HAVE ALSO BEEN THINKING CRITICALLY ABOUT HOW WE ENGAGE WITH NEW YORK COMMUNITIES, AND LEADERS IN EDUCATION, THE DIVERSITY AND INCLUSION OFFICE, AND GOVERNMENT AFFAIRS ARE IN THE EARLY STAGES OF REDEFINING THE MUSEUM'S COMMUNITY OUTREACH EFFORTS TO GROW OUR AUDIENCES AND ENSURE WE ARE A MUSEUM WHERE ALL NEW YORKERS FEEL THEY BELONG. AS WE LOOK AHEAD, WE ARE COMMITTED TO REFLECTING CRITICALLY ON OUR PAST TO ENSURE A MORE JUST FUTURE FOR THE INSTITUTION. COMPLETING OUR FIRST COMMITMENT -- TO CREATE AN HONEST ASSESSMENT OF OUR HISTORY AND PRESENT PRACTICES -- WILL BE FUNDAMENTAL TO OUR FUTURE AS A MUSEUM DEDICATED TO THE WELL-BEING OF ALL. THIS WILL GET UNDERWAY IN THE FALL WITH THE FORMATION OF A WORKING GROUP THAT WILL DEVELOP THE SCOPE, METHODOLOGY, AND TIMELINE OF THE PROJECT. INVESTING IN DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY WILL ALSO FEATURE PROMINENTLY IN THE MET'S FIVE-YEAR PLAN, WHICH IS CURRENTLY IN DEVELOPMENT AND WILL BE FINALIZED BY JUNE 30, 2022. FORM 990, PART III - PROGRAM SERVICES COLLECTION AND ACQUISITIONS THE MUSEUM'S COLLECTION SPANS MORE THAN 5,000 YEARS OF HUMAN CREATIVITY. ITS BREADTH AND RELEVANCE ALLOW US TO DELIVER GROUNDBREAKING PROGRAMMING TO THE BROADEST POSSIBLE AUDIENCE. THE MET COLLECTION WAS EXPANDED IN FISCAL YEAR 2021 BY A NUMBER OF KEY ACQUISITIONS; THE YEAR WAS ALSO NOTABLE FOR THE STRIDES WE MADE IN OUR EFFORTS TO MORE RIGOROUSLY COLLECT WORK BY UNDERREPRESENTED ARTISTS AND TO FURTHER OUR PROGRESS IN DIVERSIFYING THE NARRATIVES WE TELL. IN PARALLEL, THE LIBRARIES HAVE UNDERGONE SIGNIFICANT EFFORTS TO ASSESS AND EXPAND BLACK REPRESENTATION IN THEIR COLLECTIONS AND ARE CURRENTLY REPLICATING THIS MODEL TO OTHER MARGINALIZED DEMOGRAPHICS, INCLUDING LGBTQAI+ AND INDIGENOUS, LATINX, AND OTHER NON-WHITE ARTISTS. SEVERAL NEW ACQUISITIONS OF WORKS OF ART ARE CALLED OUT HERE, AND MANY ARE ALSO EXPLORED ONLINE. KEY ACQUISITIONS INCLUDED: FOR THE AMERICAN WING, AN EXCEPTIONAL LACQUERWARE TRAY (BATEA) BY INDIGENOUS ARTIST JOS MANUEL DE LA CERDA, ACTIVE IN PTZCUARO (MICHOACN) IN WEST-CENTRAL MEXICO IN THE MID-EIGHTEENTH CENTURY; FOR THE DEPARTMENT OF ASIAN ART, A GROUP OF SCHOLARLY OBJECTS (WRIST RESTS AND FOLDING FANS) BY JIN XIYA (1890-1979), THE FINEST BAMBOO ARTIST ACTIVE IN TWENTIETH-CENTURY CHINA; FOR THE DEPARTMENT OF EUROPEAN PAINTINGS, A PAINTING BY HENDRICK TER BRUGGHEN, ROMAN CHARITY, DATED 1623, A MASTER-PIECE OF THE MOVEMENT KNOWN AS CARAVAGGISM, WHICH EMPHASIZED DRAMATIC LIGHTING AND VIVID NARRATIVES WITH COMPLEX MORAL LESSONS; FOR THE DEPARTMENT OF EUROPEAN SCULPTURE AND DECORATIVE ARTS, THE ORPHEUS CUP (CA. 1600 AND 1641-42), A RARE ACHIEVEMENT OF FOUR ARTISANS WORKING FOR THE IMPERIAL COURTS IN PRAGUE AND VIENNA; FOR THE DEPARTMENT OF MEDIEVAL ART AND THE CLOISTERS, AN ICON TYPE THAT EMBODIES THE CROSS-CULTURAL CURRENTS OF THE THIRTEENTH CENTURY, WHEN CRUSADER ARTISTS COMING FROM ACROSS EUROPE TO THE EAST MET ARTISTS WORKING IN THE BYZANTINE TRADITION OF THE ORTHODOX CHURCH; AND FOR THE DEPARTMENT OF MODERN AND CONTEMPORARY ART, TWO WORKS-A PAINTING BY CHARLES ALSTON (1907-1977), A FOUNDATIONAL FIGURE OF THE HARLEM RENAISSANCE, TITLED GIRL IN A RED DRESS, AND A PIVOTAL PAINTING BY URUGUAYAN ARTIST JOAQUN TORRES-GARCA (1874-1949), TITLED PINTURA CONSTRUCTIVA. EXHIBITIONS AND PUBLICATIONS DESPITE ARDUOUS SCHEDULING CHALLENGES BROUGHT ON BY THE PANDEMIC, OUR EXHIBITIONS TEAM MOVED ENERGETICALLY FORWARD AND MOUNTED THIRTY-TWO EXHIBITIONS AND INSTALLATIONS IN FISCAL YEAR 2021. MANY OF THE MUCH-ANTICIPATED SPRING SHOWS THAT WERE CANCELED IN EARLY 2020 DUE TO THE PANDEMIC WERE ON VIEW WHEN WE REOPENED ON AUGUST 29, 2020, AND THE LINEUP CONTINUED UNDIMINISHED. THE MUSEUM MOUNTED SMALL COLLECTION-FOCUSED PRESENTATIONS, MIDSIZE THEMED EXPLORATIONS, AND MAJOR LOAN EXHIBITIONS, MANY OF WHICH SPOKE DIRECTLY TO THE CHALLENGES AND ISSUES OF OUR TIME. THE FOLLOWING EXHIBITIONS WERE AMONG THE HIGHLIGHTS IN FISCAL YEAR 2021: A TIMELY NEW WORK OF ART ON OUR FIFTH AVENUE FAADE, YOKO ONO'S DREAM TOGETHER; MAKING THE MET, 1870-2020; JACOB LAWRENCE: THE AMERICAN STRUGGLE; THE ROOF GARDEN COMMISSION: HCTOR ZAMORA, "LATTICE DETOUR GERHARD RICHTER: THE BIRKENAU PAINTINGS (2014); PICTURES, REVISITED; ABOUT TIME: FASHION AND DURATION; ART FOR THE COMMUNITY: THE MET'S CIRCULATING TEXTILE EXHIBITIONS, 1933-42; JAMES NARES: "STREET EMPERORS, ARTISTS, AND INVENTORS: TRANSFORMATIVE GIFTS OF FINE ARMS AND ARMOR; CELEBRATING THE YEAR OF THE OX; MASTERS AND MASTERPIECES: CHINESE ART FROM THE FLORENCE AND HERBERT IRVING COLLECTION; GEORG BASELITZ: PIVOTAL TURN; GOYA'S GRAPHIC IMAGINATION; SHAPES FROM OUT OF NOWHERE: CERAMICS FROM THE ROBERT A. ELLISON JR. COLLECTION; THE FACADE COMMISSION: CAROL BOVE, "THE SANCES AREN'T HELPING JAPAN: A HISTORY OF STYLE; ALICE NEEL: PEOPLE COME FIRST; BODHISATTVAS OF WISDOM, COMPASSION, AND POWER; KARL BODMER: NORTH AMERICAN PORTRAITS; THE ROOF GARDEN COMMISSION: ALEX DA CORTE, "AS LONG AS THE SUN LASTS THE GOOD LIFE: COLLECTING LATE ANTIQUE ART AT THE MET; THE MEDICI: PORTRAITS AND POLITICS, 1512-1570; AND A NEW LOOK AT OLD MASTERS, PART OF THE EUROPEAN PAINTINGS SKYLIGHTS PROJECT. ADDITIONALLY, SELECTIONS FROM OUR COLLECTION OF EUROPEAN MASTERPIECES TRAVELED TO BRISBANE, AUSTRALIA, FOR THE EXHIBITION EUROPEAN MASTERPIECES FROM THE METROPOLITAN MUSEUM OF ART, WHICH OPENED IN JUNE AT THE QUEENSLAND ART GALLERY AND GALLERY OF MODERN ART AND WILL TRAVEL NEXT YEAR TO JAPAN. THE PUBLICATIONS AND EDITORIAL DEPARTMENT QUICKLY ADAPTED TO THE CHALLENGING ENVIRONMENT OF FISCAL YEAR 2021 AND PRODUCED TWELVE NEW TITLES AND FIVE REPRINTS. AMONG THESE WERE FIVE EXHIBITION CATALOGUES, INCLUDING GOYA'S GRAPHIC IMAGINATION, THE HIGHLY ACCLAIMED ALICE NEEL: PEOPLE COME FIRST, AND THE SUMPTUOUS MEDICI: PORTRAITS AND POLITICS, 1512-1570; IT IS WORTH NOTING THAT ALL THREE OF THESE TITLES SOLD OUT AND WERE REPRINTED. THE DEPARTMENT ALSO PUBLISHED TWO SEPARATE VOLUMES FOR THE ROOF GARDEN COMMISSIONS, AS WELL AS THE HANDSOME COMMEMORATIVE VOLUME GIFTS OF ART: THE MET'S 150TH ANNIVERSARY. AND WE RELEASED THE ANNUAL METROPOLITAN MUSEUM JOURNAL AND FOUR ISSUES OF THE BULLETIN, INCLUDING OUR TIMELY ISSUE A TIME OF CRISIS, WHICH HAD THE RARE DISTINCTION FOR A BULLETIN OF BEING REVIEWED IN THE TIMES LITERARY SUPPLEMENT. THE DEPARTMENT'S DIGITAL PLATFORM, METPUBLICATIONS, SAW A HUGE INCREASE IN VISITORS AND PROVIDED FREE REMOTE ACCESS TO OVER 1,500 MET BOOKS AND ARTICLES. DIGITAL - CONTENT, PARTNERSHIPS, AND SOCIAL MEDIA DURING THE MUSEUM'S TEMPORARY CLOSURE, THE IMPORTANCE OF THE MET'S VIRTUAL PROGRAMMING TO OUR MISSION TO CONNECT WITH GLOBAL AUDIENCES WAS NEVER SO CLEAR, AND THIS YEAR, AS THE MUSEUM WELCOMED VISITORS BACK ONSITE, WE MADE IT A PRIORITY TO CONTINUE REACHING AUDIENCES WHERE THEY ARE WITH A ROBUST SCHEDULE OF VIRTUAL PROGRAMS AND DIGITAL CONTENT. THE MUSEUM'S WEBSITE ENDED THE FISCAL YEAR WITH AROUND 37.8 MILLION VISITS (UP FROM 33.7 MILLION LAST YEAR). IN SPRING 2021, WE LAUNCHED PERSPECTIVES, THE MET'S ONLINE LOCATION FOR DEEP DIVES INTO ART, INTERVIEWS, PERSONAL ESSAYS, SCIENTIFIC DISCOVERIES, AND MORE. DESIGNED TO SERVE AS A DIGITAL MAGAZINE, PERSPECTIVES USES EASY NAVIGATION TO LEAD VISITORS TO RELEVANT TOPICS ACROSS THE WEBSITE. IT WAS CREATED IN COLLABORATION WITH STAFF ACROSS THE MUSEUM AS PART OF A REIMAGINED ONLINE PUBLISHING MODEL THAT INCORPORATES BOTH EXISTING AND NEW CONTENT TO ATTRACT AND GROW OUR AUDIENCES. MET STORIES, OUR 150TH ANNIVERSARY FLAGSHIP VIDEO SERIES THAT SHARED COMPELLING PERSONAL STORIES FROM MET STAFF AND VISITORS, PREMIERED ITS FINAL EPISODE ON NEW YEAR'S EVE. OVERALL, THE SERIES ATTRACTED 3.4 MILLION VIEWS ACROSS DIGITAL PLATFORMS IN FISCAL YEAR 2021. DUE LARGELY TO ITS ENGAGING AND THOUGHT-PROVOKING CONTENT, MET STORIES WAS RECOGNIZED WITH THE TOP PRIZE IN ITS CATEGORY AT BOTH THE SHORTY AWARDS AND MUSEUM + HERITAGE AWARDS. THE MUSEUM CONTINUES TO GROW ITS GLOBAL REACH THROUGH COLLABORATION WITH OUR DIGITAL PARTNERS. THE MET IS NOW LIVE ON CHINA'S LARGEST SOCIAL MEDIA NETWORK, WECHAT. WE LAUNCHED A PROGRAM OF EIGHTY MET HIGHLIGHTS OBJECTS ON THE PLATFORM, BRINGING OUR CONTENT TO A NEW INTERNATIONAL AUDIENCE. THE MET'S YOUTUBE CHANNEL SAW A 36 PERCENT INCREASE IN SUBSCRIBERS IN FISCAL YEAR 2021, A TESTAMENT TO THE WAYS IN WHICH OUR COMMITMENT TO REGULARLY SCHEDULED VIRTUAL PROGRAMMING HAS IN-CREASED VIEWER ENGAGEMENT. THE MUSEUM'S OPEN ACCESS IMAGES HAVE AN INCREASED PRESENCE IN WIKIPEDIA ARTICLES FOR NON-ART SUBJECTS AND IN MULTIPLE LANGUAGES, DEMONSTRATING THE IMPORTANCE OF OUR PARTNERSHIP WITH WIKIMEDIA. WE HAVE ALSO SEEN SIGNIFICANT GROWTH IN THE SIZE OF OUR AUDIENCES THAT WE REACH THROUGH OUR SOCIAL MEDIA CHANNELS AND EMAIL MARKETING. WITH 4.3 MILLION FOLLOWERS ON TWITTER, 2 MILLION ON FACEBOOK, AND 3.8 MILLION ON ITS WEBBY AWARD--WINNING INSTAGRAM--10 MILLION IN AGGREGATE--THE MET IS THE SECOND-MOST-FOLLOWED MUSEUM IN THE WORLD. THROUGH ENGAGEMENT WITH INITIATIVES SUCH AS OUR SILENT GALLERY TOUR SERIES THAT BROUGHT FOLLOWERS INSIDE THE MUSEUM, OUR ONGOING #METACCESS SERIES THAT FOREGROUNDS THE PERSPECTIVES OF DEAF AND DISABLED ARTISTS, AND OUR CONTINUED PRIORITY TO UPLIFT THE CONTRIBUTIONS OF BLACK, AAPI, AND LGBTQAI+ ARTISTS, WE'VE REACHED NEW AUDIENCES AND FORGED NEW CONNECTIONS WITH LIVING ARTISTS. WE ALSO FORGED AHEAD INTO NEW TERRITORY THROUGH OUR OFFICIAL TIKTOK LAUNCH IN DECEMBER 2020. OUR EMAIL MARKETING HAS GROWN FROM REACHING 1.2 TO OVER 2 MILLION PEOPLE AND IS A HIGHLY EFFECTIVE MEANS TO SHARE EXHIBITION, EDUCATION, RETAIL, MEMBERSHIP, AND DEVELOPMENT MESSAGES. THIS YEAR, IN JANUARY, WE ALSO EXPERIMENTED IN PARTNERING WITH VERIZON TO LAUNCH THE MET UNFRAMED, AN IMMERSIVE VISUAL ART AND GAMING EXPERIENCE FEATURING DIGITALLY RENDERED GALLERIES AND NEARLY FIFTY WORKS OF ART FROM ACROSS OUR COLLECTION. TOGETHER, THESE INITIATIVES DEMONSTRATE OUR EMBRACE OF CREATIVE NEW WAYS THAT MAKE IT POSSIBLE FOR MORE PEOPLE TO EXPERIENCE AND APPRECIATE ART AT A TIME WHEN SO FEW CAN EXPERIENCE OUR MUSEUM IN PERSON. ON APRIL 13, THE MET COMMEMORATED ITS 151ST ANNIVERSARY WITH A GOOGLE DOODLE ON GOOGLE'S SEARCH HOMEPAGE, RESULTING IN THE HIGHEST TRAFFIC TO THE WEBSITE EVER: NEARLY 1.5 MILLION SESSIONS IN A SINGLE DAY, MORE THAN FIVE TIMES THE USUAL NUMBER. THIS SIGNIFICANT MARKER OF SUCCESS HELPED DRIVE AWARENESS OF THE MET COLLECTION TO PEOPLE ALL OVER THE WORLD. EDUCATION THE WORK OF THE MUSEUM'S EDUCATION DEPARTMENT IS CRUCIAL TO THE INSTITUTION'S OVERALL STRATEGY TO BROADEN THE DIV ERSITY AND PARTICIPATION OF THE MET'S LOCAL, NATIONAL, AND INTERNATIONAL AUDIENCES AND PARTNERS. INNOVATIVE PROGRAMMING, DEEPER COMMUNITY ENGAGEMENT, AND CRITICAL SCHOLARLY ACTIVITY REMAINED HALLMARKS OF THE FISCAL YEAR, THANKS TO THE DEPARTMENT'S QUICK AND EXPERT PIVOT INTO VIRTUAL PROGRAMMING AT THE ONSET OF THE PANDEMIC AND ITS CONTINUED EFFORTS TO OFFER HYBRID PROGRAMMING TO ACCOMMODATE AUDIENCES GLOBALLY FOLLOWING THE MUSEUM'S REOPENING IN AUGUST 2020. IN FISCAL YEAR 2021, EDUCATION'S 2,074 ONLINE EVENTS DREW 1,794,128 PEOPLE WORLDWIDE. FORM 990, PART III - PROGRAM SERVICES THE DEPARTMENT WAS A LEADER DURING A PERIOD OF REMARKABLE CHANGE, WITH THE MET'S COMMITMENTS TO DIRECT ACTION ON ANTIRACISM, DIVERSITY, AND BUILDING A STRONGER COMMUNITY WOVEN INTO EVERY ASPECT OF ITS WORK. THANKS TO A TRANSFORMATIVE $5 MILLION GIFT FROM ADRIENNE ARSHT, THE MET BECAME THE SINGLE LARGEST ART MUSEUM IN THE COUNTRY TO OFFER FULLY PAID INTERNSHIPS TO ITS NEARLY 120 UNDERGRADUATE AND GRADUATE INTERNS EACH YEAR, ENHANCING ACCESS AND REMOVING FINANCIAL BARRIERS TO STUDENTS' PARTICIPATION. THE DEPARTMENT ALSO CONDUCTED TWO VIRTUAL WORKSHOPS DEDICATED TO MAKING THE MET'S FELLOWSHIP PROGRAM AND, ULTIMATELY, THE MUSEUM FIELD, MORE INCLUSIVE, EQUITABLE, AND DIVERSE. AS ALWAYS, ARTISTS WERE CRITICAL COLLABORATORS THIS YEAR, ALLOWING US TO EXPAND OUR THINKING AND RESPONSE TO ISSUES OF SOCIAL JUSTICE AND ACCESSIBILITY. AS PART OF THE CIVIC PRACTICE PARTNERSHIP (LAUNCHED IN 2017, THE PARTNERSHIP CONNECTS AMBITIOUS COLLABORATIVE SOCIAL JUSTICE -- ORIENTED ART PROJECTS WITH NEW YORK CITY COMMUNITIES), THREE ARTISTS -- JON GRAY, MEI LUM, AND TOSHI REAGON - BEGAN THEIR FIRST YEAR OF A TWO-YEAR RESIDENCY, WHILE RASHIDA BUMBRAY AND MIGUEL LUCIANO, WHOSE RESIDENCIES HAD BEEN EXTENDED DUE TO THE PANDEMIC, CONCLUDED THEIRS. TO MARK THE THIRTIETH ANNIVERSARY OF THE AMERICANS WITH DISABILITIES ACT IN 2020, WE LAUNCHED AN ONGOING SERIES OF INSTAGRAM POSTS THAT FEATURE DISABLED ARTISTS RESPONDING TO WORKS IN THE COLLECTION, THEREBY MAKING DISABILITY AND ACCESSIBILITY PERSPECTIVES MORE VISIBLE. WE ALSO CONTINUED TO OFFER EXPERIENCES THAT FOSTER COMMUNITY AND LEARNING THROUGH HANDS-ON ART-MAKING EXPERIENCES WITH ARTISTS. THE THREE-DAY SERIES OF LIVE, THEMATIC CONVERSATIONS PEOPLE: A GLOBAL DIALOGUE ON MUSEUMS AND THEIR PUBLICS BROUGHT TOGETHER TWENTY-FIVE INTERNATIONAL SCHOLARS, ARTISTS, WRITERS, PERFORMERS, AND ACTIVISTS WHO SHARED THEIR IDEAS ON THE EVER-EXPANDING TOPIC OF HOW MUSEUMS ENGAGE WITH PEOPLE LOCALLY AND GLOBALLY, AND THE DRAMATIC WAYS IN WHICH THE PANDEMIC AND CALLS FOR RACIAL JUSTICE HAVE SHIFTED THESE INTERACTIONS. THE CONVENING DREW MORE THAN 2,500 ATTENDEES, WHO TUNED IN FROM 38 COUNTRIES. OUR OWN MET FELLOWS IN CURATORIAL, CONSERVATION, AND SCIENTIFIC DEPARTMENTS PRESENTED IMPORTANT RESEARCH RELATED TO THE MET COLLECTION DURING AN ANNUAL SERIES OF THIRTEEN COLLOQUIA, WHICH REACHED ALMOST 1,900 ATTENDEES IN 46 COUNTRIES BY VIRTUE OF ITS FIRST-EVER VIRTUAL FORMAT. THE MET HAS LONG BEEN CONSIDERED AN ESSENTIAL RESOURCE FOR TEACHING, LEARNING, AND TRAINING AT ALL LEVELS, AND WITH CONTINUED WIDESPREAD REMOTE LEARNING, THE MUSEUM'S RESOURCES AND DEEP ONLINE OFFERINGS PROVED EVEN MORE VALUABLE AND NEEDED, EMBRACED BY BOTH EDUCATORS AND FAMILIES. IN FISCAL YEAR 2021, 17,167 K-12 TEACHERS AND STUDENTS NATIONWIDE AND FROM BRAZIL, CANADA, MEXICO, AND SINGAPORE TOOK PART IN 15,466 VIRTUAL GUIDED TOURS OF THE MET COLLECTION. IN ADDITION, 1,076 TEACHERS AND SCHOOL LEADERS PARTICIPATED IN PROGRAMS FOCUSED ON INTEGRATING ART INTO THE CLASSROOM, INCLUDING EIGHTEEN WHO TOOK PART IN OUR MET PROFESSIONAL LEARNING COMMUNITY, AN INTENSIVE, YEARLONG IMMERSIVE PRACTICUM WITH AN EMPHASIS ON SOCIAL JUSTICE DESIGNED FOR NEW YORK CITY K-12 TEACHERS WORKING IN TITLE I OR DISTRICT 75 PUBLIC SCHOOLS. CULTURAL FESTIVALS FOR VISITORS OF ALL AGES AND ABILITIES (INCLUDING THE ANNUAL MUSEUM MILE) DREW 289,757 ATTENDEES ONLINE. THIS YEAR THE MET HOSTED ITS FIRST VIRTUAL ANNUAL LUNAR NEW YEAR FESTIVAL AIMED AT CONNECTING VISITORS WITH ARTWORKS AND TRADITIONS FROM ACROSS ASIA. THE FESTIVAL REACHED 124,788 PEOPLE WORLDWIDE. OUR COMMITMENT TO SERVE AS A CULTURAL AND SOCIAL HUB FOR YOUNG PEOPLE HAS RESULTED IN MORE THAN 40,000 TEENS AND OVER 130 PARTNERS PARTICIPATING IN OUR TEENS TAKE THE MET! PROGRAM SINCE 2014. THE SECOND VIRTUAL VERSION OF THIS EVENT IN NOVEMBER 2020 ATTRACTED 5,394 LOCAL AND GLOBAL TEENS TO AN ENTIRE DAY OF ACTIVITIES ON THE SOCIAL MEDIA CHANNELS OF THE MET AND THIRTY PARTNERS. IN PARTNERSHIP WITH CITYMEALS ON WHEELS, THE MUSEUM LAUNCHED YOUR MET ART BOX, A SIX-MONTH PILOT PROJECT TO HELP ALLEVIATE SOCIAL ISOLATION FOR OLDER, OFTEN VULNERABLE, ADULTS IN NEW YORK CITY. THEMATIC PACKETS WERE DISTRIBUTED MONTHLY TO MORE THAN 1,000 CITYMEALS FOOD RECIPIENTS BY VOLUNTEERS WHO FOSTERED CONVERSATION ABOUT FEATURED WORKS IN THE MET COLLECTION. THE PACKETS PROVIDED ART SUPPLIES AND MATERIALS TO INSPIRE ART-MAKING AND OTHER ACTIVITIES, AND, WITH THE INCLUSION OF A FREE PASS, ENCOURAGED RECIPIENTS TO VISIT THE MUSEUM. LIVE ARTS THE MET IS AMONG THE FIRST ENCYCLOPEDIC MUSEUMS WITH AN INDEPENDENT DEPARTMENT DEVOTED EXCLUSIVELY TO PERFORMANCE, AND DURING THE PANDEMIC, METLIVEARTS HAS CONTINUED TO PRESENT HIGH-IMPACT DIGITAL PRODUCTIONS OF MUSIC, DANCE, AND THEATER. THE NEW YORK TIMES SELECTED METLIVEARTS FOR MULTIPLE "BEST OF" LISTS, INCLUDING TWO THAT CALLED OUT OUR FIRST LIVE PERFORMANCE SINCE THE PANDEMIC, OUR LABYRINTH. THROUGH A MONTHLY DIGITAL PREMIERE SERIES AND THE WEEKLY BALCONY BAR FROM HOME SERIES, METLIVEARTS DIGITAL PROGRAMS HAVE BEEN WATCHED MORE THAN ONE MILLION TIMES SINCE APRIL 2020. PROGRAMS IN FISCAL YEAR 2021 ENGAGED WITH ARTISTS ACROSS ALL GENRES. IN FEBRUARY 2021, CELEBRATED VIOLINIST LEILA JOSEFOWICZ PERFORMED WORKS BY BACH, FLANKED BY MASTERPIECES OF JACKSON POLLOCK AND MARK ROTHKO. LAUNCHED IN JUNE WITH PERFORMANCES THROUGHOUT THE SUMMER, THE SONIC CLOISTERS SERIES INVITED ELECTRONIC AND TECHNO MUSICIANS TO RECORD PERFORMANCES AT THE MET CLOISTERS, RESULTING IN A PROVOCATIVE AND SOULFUL COMBINATION OF CUTTING-EDGE MUSIC AND MEDIEVAL ART. METLIVEARTS PROGRAMS OFTEN FEATURE PERFORMERS FROM UNDER-REPRESENTED BACKGROUNDS, AND THEIR SUCCESS PLACES OUR LIVE ARTS DEPARTMENT ON THE FRONT LINES OF THE MET'S BROADER COMMITMENTS TO DIVERSITY, INCLUSION, AND EQUITY. CONSERVATION, RESEARCH, AND INTERNATIONAL ACTIVITY THE MUSEUM'S CURATORIAL PROGRAMS ARE SUPPORTED BY NUMEROUS SERVICES AND RESOURCES. THE DEPARTMENTS OF PAINTINGS, PAPER, OBJECTS, TEXTILE, AND PHOTOGRAPHS CONSERVATION ALONG WITH SCIENTIFIC RESEARCH PREPARE AND REVIEW EVERY ARTWORK SELECTED FOR AN EXHIBITION OR LOAN. THE MET'S CONSERVATION EFFORT RANKS WITH THE BEST OF THE WORLD'S MAJOR MUSEUMS. THE THOMAS J. WATSON LIBRARY HOUSES VALUABLE RESEARCH MATERIAL AVAILABLE TO THE STAFF AND PUBLIC FOR CURATORIAL, EDUCATION, AND PUBLICATION PROJECTS. THE LIBRARY REOPENED FOR LIMITED RESEARCH APPOINTMENTS ON JUNE 3 AFTER A 15-MONTH CLOSURE DUE TO THE COVID-19 PANDEMIC. IN FISCAL YEAR 2021, 120 VISITS WERE MADE BY OUTSIDE RESEARCHERS AND 259 NEW OUTSIDE RESEARCHERS WERE REGISTERED. THE MUSEUM LIBRARIES CIRCULATED 4,867 ITEMS TO READERS. THE LIBRARY CONTINUED TO DIGITIZE RARE COLLECTION MATERIALS, BOTH PRINTED AND MANUSCRIPT, AND TO MAKE THEM AVAILABLE ONLINE, AVERAGING 244,386 HITS PER MONTH (COMPARED TO 228,309 IN FISCAL YEAR 2020). FISCAL YEAR 2021 SAW THE CONTINUED SUCCESS OF THE INDIAN CONSERVATION FELLOWSHIP PROGRAM (ICFP) THROUGH VIRTUAL PROGRAMMING ORGANIZED BY THE MET AND ITS ICFP PARTNERS--STICHTING RESTAURATIE ATELIER LIMBURG, MAASTRICHT, THE NETHERLANDS, AND THE FREER GALLERY OF ART AND THE ARTHUR M. SACKLER GALLERY, SMITHSONIAN INSTITUTION, WASHINGTON, D.C.- THEREBY FURTHERING THE PROGRAM'S GOALS TO SERVE AS A CRITICAL RESOURCE FOR THE LONG-TERM PRESERVATION OF INDIA'S CULTURAL HERITAGE. THE ICFP IS SUPPORTED BY THE ANDREW W. MELLON FOUNDATION AND INDIA'S MINISTRY OF CULTURE. THE MET ALSO CONTINUED ITS PARTNERSHIP WITH THE SLEMANI MUSEUM IN SULAYMANIYAH, IRAQ, ONCE MORE MADE POSSIBLE THROUGH THE GENEROUS SUPPORT OF THE WHITING FOUNDATION. ON THE DOMESTIC FRONT, THE NETWORK INITIATIVE FOR CONSERVATION SCIENCE (NICS), A PILOT PROGRAM LAUNCHED IN SEPTEMBER 2016 BY THE MUSEUM'S DEPARTMENT OF SCIENTIFIC RESEARCH WITH FUNDING FROM THE ANDREW W. MELLON FOUNDATION, HAS CONTINUED TO SERVE AS A CRUCIAL RESOURCE FOR NEW YORK CITY MUSEUMS AND CULTURAL HERITAGE INSTITUTIONS, ALLOWING MEMBERS TO PROBE IN-DEPTH SCIENTIFIC RESEARCH QUESTIONS AS WELL AS ANSWER MORE STRAIGHTFORWARD REQUESTS IN THE SERVICE OF ART CONSERVATION AND PRESERVATION. CAPITAL PROJECTS THE MUSEUM'S CONSTRUCTION AND FACILITIES DEPARTMENT CONTINUED ITS WORK AT NEARLY FULL PACE, DESPITE THE CHALLENGES OF THE PANDEMIC, AND VIGILANTLY IMPLEMENTED NEW HEALTH AND SAFETY GUIDELINES IN COLLABORATION WITH OTHER DEPARTMENTS AND CONSTRUCTION MANAGEMENT PARTNERS. THE FIRST MAJOR MILESTONE OF THE FISCAL YEAR WAS THE OPENING OF THE FIRST PHASE OF THE EUROPEAN PAINTINGS GALLERIES IN DECEMBER 2020, AS NOTED ABOVE. RENOVATION OF THE MICHAEL C. ROCKEFELLER WING BEGAN IN EARNEST IN EARLY 2021 WITH THE CONSTRUCTION DOCUMENT PHASE, MOVING US CLOSER TO OUR GOAL OF RE-ENVISIONING THE DISPLAY OF THE MUSEUM'S COLLECTIONS OF THE ART OF SUB-SAHARAN AFRICA, OCEANIA, AND THE ANCIENT AMERICAS. OUR DESIGN TEAM OF BEYER BLINDER BELLE AS EXECUTIVE ARCHITECT AND WHY ARCHITECTURE AS DESIGN ARCHITECT AFFIRMED KEY ELEMENTS OF THE DESIGN, INCLUDING THE GALLERY FLOOR PLAN AND RELATIONSHIP AMONG THE THREE COLLECTIONS, AND THE DEINSTALLATION OF THE CURRENT GALLERIES IS UNDERWAY. FULL CONSTRUCTION IS SCHEDULED TO BEGIN IN EARLY 2022, AND THE NEW GALLERIES ARE EXPECTED TO OPEN IN 2024. AN ARCHITECT HAS BEEN SELECTED FOR THE RENOVATION OF THE ANCIENT NEAR EASTERN AND CYPRIOT GALLERIES AND THE PROJECT HAS ENTERED THE DESIGN PHASE, AND A PLAN TO UPGRADE THE NOLEN LIBRARY AND AUGMENT THE MUSEUM'S EDUCATIONAL PROGRAMMING FOR YOUNG CHILDREN IS IN THE DESIGN DEVELOPMENT PHASE. UPGRADES TO THE MUSEUM'S ELECTRICAL AND AIR-QUALITY INFRASTRUCTURE CONTINUE THROUGHOUT THE BUILDINGS. THE MUSEUM ALSO MADE CONTINUED PROGRESS ON ITS MULTIYEAR PLAN TO UPGRADE AND REPLACE VITAL INFRASTRUCTURE. FORM 990, PART VI, LINE 1A - VOTING RIGHTS GOVERNING BODY DELEGATED AUTHORITY IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE HAS THE RIGHT TO EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES OTHER THAN THE POWERS TO (A) FILL VACANCIES IN THE BOARD OF TRUSTEES OR IN ANY COMMITTEE; (B) AMEND OR REPEAL THE BY-LAWS OR ADOPT NEW BY-LAWS; (C) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE; (D) ELECT OR REMOVE TRUSTEES OR OFFICERS; (E) APPROVE A MERGER OR PLAN OF DISSOLUTION; (F) ADOPT A RESOLUTION AUTHORIZING ACTION ON THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL THE ASSETS OF THE MUSEUM; OR (G) APPROVE AMENDMENTS TO THE CHARTER. (G) APPROVE AMENDMENTS TO THE CHARTER. FORM 990, PART VI, LINE 2 - FAMILY OR BUSINESS RELATIONSHIP THE FOLLOWING TRUSTEES OF THE MUSEUM HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER: (A) JAMES BREYER AND HAMILTON JAMES, AND (B) BLAIR EFFRON AND SACHA LAINOVIC. FORM 990, PART VI, LINE 6 - MEMBERS OF THE ORGANIZATION GOVERNING BODY AND MANAGEMENT THE MUSEUM DOES NOT HAVE "MEMBERS" AS SUCH TERM IS DEFINED IN THE INSTRUCTIONS TO FORM 990. HOWEVER, THE MUSEUM USES THE TERM "MEMBERS" IN CONNECTION WITH DUES, FEES, GOODS, BENEFITS, PRIVILEGES AND SERVICES AS ESTABLISHED BY THE MUSEUM FROM TIME TO TIME. FORM 990, PART VI, LINE 11B - REVIEW PROCESS PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 THE MUSEUM'S FORM 990, INCLUDING REQUIRED SCHEDULES AND SUPPORTING DOCUMENTATION, IS INITIALLY COMPILED BY THE MUSEUM'S FINANCE DEPARTMENT PRIMARILY RELYING ON THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S CONTROLLER, CHIEF FINANCIAL OFFICER, AND GENERAL COUNSEL PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE MUSEUM'S SENIOR MANAGEMENT, INCLUDING THE MUSEUM'S PRESIDENT AND DIRECTOR, AND THE AUDIT COMMITTEE OF THE MUSEUM'S BOARD OF TRUSTEES. A COMPLETE COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, LINE 12C - CONFLICT OF INTEREST THE MUSEUM REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY REQUIRING ONGOING DISCLOSURE OF POTENTIAL CONFLICTS, REVIEW OF SUCH DISCLOSURES, AND RECUSAL BY CONFLICTED INDIVIDUALS WHEN WARRANTED. SPECIFICALLY, ON AN ANNUAL BASIS, THE MUSEUM SEEKS TO ENSURE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY SENDING RELEVANT WRITTEN POLICIES TO SENIOR STAFF, TRUSTEES AND ADVISORY MEMBERS OF COMMITTEES OF THE BOARD OF TRUSTEES. EACH POLICY IS SENT WITH A STATEMENT, WHICH MUST BE COMPLETED, SIGNED AND RETURNED TO THE MUSEUM'S GENERAL COUNSEL. THE STATEMENT REQUIRES EACH INDIVIDUAL TO CONFIRM THAT HE OR SHE HAS (I) RECEIVED A COPY OF THE POLICY, (II) READ AND UNDERSTOOD THE POLICY AND (III) AGREES TO COMPLY WITH THE POLICY. THE INDIVIDUAL IS ALSO ASKED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY, OR AN ENTITY IN WHICH ANY OF THEM HAVE A MATERIAL OWNERSHIP INTEREST, MAY HAVE. THE STATEMENTS ARE COMPLETED AND RETURNED TO THE GENERAL COUNSEL'S OFFICE. WHEN POTENTIAL CONFLICTS ARISE, THEY ARE INITIALLY EVALUATED BY THE GENERAL COUNSEL WITH THE ASSISTANCE OF OUTSIDE LEGAL COUNSEL IF NECESSARY. ACTUAL CONFLICTS OF INTEREST ARE RESOLVED IN CONSULTATION WITH THE MUSEUM'S PRESIDENT AND DIRECTOR (FOR STAFF) AND THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE LEGAL COMMITTEE OF THE MUSEUM'S BOARD (FOR TRUSTEES, INCLUDING THE DIRECTOR AND THE PRESIDENT). IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY THE TRUSTEES IS PRESENTED TO THE AUDIT COMMITTEE EACH YEAR. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY SENIOR STAFF IS PRESENTED TO THE PRESIDENT AND THE DIRECTOR EACH YEAR. FORM 990, PART VI, LINES 15A AND 15B - COMPENSATION REVIEW PROCESS THE COMPENSATION COMMITTEE ("THE COMMITTEE") OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF COMPENSATION AND BENEFITS PROGRAMS FOR THE MUSEUM'S OFFICERS, AND FOR ENSURING THAT THE COMPENSATION POLICIES OF THE MUSEUM ARE CONSISTENT WITH AND IN SUPPORT OF THE MUSEUM'S MISSION, VALUES AND LONG-TERM GOALS. THE INTENT OF THE COMMITTEE IS TO PROVIDE A TOTAL COMPENSATION PROGRAM FOR THE OFFICERS THAT PROMOTES THE MUSEUM'S LONG-TERM OBJECTIVES, AND IS REASONABLE, APPROPRIATE, AND FAIR. ANNUALLY, AN INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE REVIEW THE TOTAL COMPENSATION OF EACH OFFICER OF THE MUSEUM. COMPENSATION DECISIONS ARE MADE WITH REFERENCE TO COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE ROLES AT SIMILARLY SITUATED ORGANIZATIONS PRESENTED BY THE INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE ALSO CONSIDERS OTHER RELEVANT FACTORS IN DETERMINING COMPENSATION, INCLUDING THE MUSEUM'S MISSION AND GOALS, THE PERFORMANCE OF EACH OFFICER, AND THE MARKET FOR EXECUTIVE TALENT. THE COMMITTEE COMPLIES WITH THE "REBUTTABLE PRESUMPTION" PROCEDURES FOR DETERMINING THAT COMPENSATION IS REASONABLE UNDER INTERNAL REVENUE CODE SECTION 4958. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 - GOVERNING DOCUMENTS PUBLIC AVAILABILITY OF OTHER DOCUMENTS THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT, WHICH IS MADE AVAILABLE TO THE PUBLIC ON THE MUSEUM'S WEBSITE. THE MUSEUM MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 9, OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 5,085,962 UNREALIZED GAINS AND LOSSES ON 2015 BOND PROCEEDS 16,893,282 NET RECLASSIFICATIONS, FEES, AND OTHER 612,012 PENSION - RELATED CHANGES OTHER THAN NPPC 65,619,924 CHANGE IN FAIR VALUE OF INTEREST RATE EXCHANGE AGREEMENTS 11,343,803 PARTNERSHIP UBIT 5,048,101 ------------ TOTAL 104,603,084 Jayne Wrightsman Trust 10 S Dearborn IL1-0111 Chicago IL 60603 367746339 Met Support NY 501(c)(3) 12A, Type I Met Museum true CHARITABLE REMAINDER TRUSTS (24) TRUST NY NA TRUST false false false false false false false false false false false false false false false false false false false