2021-02-09T13:01:07-06:00 2020-06-30 PricewaterhouseCoopers LLP 600 13TH STREET NW WASHINGTON DC 20005 990 2019-07-01 131624086 METROPOLITAN MUSEUM OF ART % CONTROLLER'S OFFICE METR 2128795500 1000 FIFTH AVENUE NEW YORK NY 100280198 JAMESON KELLEHER VP, CFO & TREASURER 6464713000 2021-02-08 true TRAVIS PATTON P00369623 2024141000 2021-02-04 2019 2022-09-23 18:48:47Z Daniel Weiss 1000 FIFTH AVENUE NEW YORK NY 100280198 1444957146 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; SEE SCHEDULE O FOR MORE DETAILS 47 45 2458 1143 -8560450 0 343470192 245041493 7246478 5071378 123737907 138169497 40618994 26386242 515073571 414668610 2965533 2985305 0 0 198105171 223657201 173372 137892 18721887 290021630 194429521 491265706 421209919 23807865 -6541309 4477108999 4530953743 741985047 852948253 3735123952 3678005490 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 234635221 2985305 3500966 CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS OPERATIONS OF BREUER, CONSERVATION, CATALOGUING AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $2,985,305) - SEE SCHEDULE O FOR MORE INFORMATION 29823709 13796662 ACQUISITIONS AND SALES OF ART - SEE SCHEDULE O FOR MORE INFORMATION 26821141 751453 EDUCATION PROGRAMS AND MUSEUM LIBRARIES - SEE SCHEDULE O FOR MORE INFORMATION 19241270 OPERATING SERVICES 15511662 SPECIAL EXHIBITIONS 8539803 -6242280 ALL OTHER SUPPORT SERVICES 43292735 -6242280 334572806 true true false true false false false true false true true true false false true false true false false false true false true true 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 781 0 true 2458 true true true true EG false false false true true false false false false true false X 47 45 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 1329582 0 385190 Daniel H Weiss President/CEO, Ex-Off. Trustee 35.0 0.0 X X 1308182 0 61212 Max Hollein Director/Ex-Off. Trustee 35.0 0.0 X X 1198363 0 50874 Clyde B Jones III SVP Institutional Advancement 35.0 0.0 X 535140 0 48892 Rich Pedott VP & Gnl Mgr Retail to 10/19 35.0 0.0 X 506164 0 39093 Justin V Reed Investment Officer to 8/20 35.0 0.0 X 508891 0 31164 Sharon H Cott SVP, Secretary & Gen Counsel 35.0 0.0 X 468394 0 60785 Jameson Kelleher SVP, CFO & Treasurer 35.0 0.0 X 453209 0 47584 Laurel Britton SVP Revenue & Ops 35.0 0.0 X 422587 0 37608 Tom A Javits VP Construction & Facilities 35.0 0.0 X 386803 0 58921 Allison Rutledge-Paris VP & Chief HR Officer 35.0 0.0 X 387665 0 51539 Quincy Houghton Deputy Dir of Exhibitions 35.0 0.0 X 369014 0 59249 Kenneth N Weine VP External Affairs 35.0 0.0 X 353782 0 50395 Andrea Bayer Deputy Dir of Collections 35.0 0.0 X 319017 0 57524 Keith R Christiansen Chairman, European Paintings 35.0 0.0 X 313721 0 55525 Stephen A Manzi Chief Dev. Officer Indiv 35.0 0.0 X 310309 0 56225 Michael B Gallagher Chairman, Paintings Conserv. 35.0 0.0 X 306326 0 58883 Keith Prewitt Chief Security Officer 35.0 0.0 X 299020 0 33334 Jeffrey Spar VP Tech, CTO to 12/18 35.0 0.0 X 261817 0 7913 Inka Drogemuller Dep Dir Digital/Edu/Library 35.0 0.0 X 244758 0 24132 Daniel Brodsky Elective Trustee & Chairman 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 Elective Trustee & Vice Chair 2.0 0.0 X X 0 0 0 Charles N Atkins Elective Trustee 1.0 0.0 X 0 0 0 Candace K Beinecke Elective Trustee 2.0 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 N Anthony Coles Elective Trustee 2.0 0.0 X 0 0 0 Stephen M Cutler Elective Trustee 1.0 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 1.0 0.0 X 0 0 0 Jeffrey W Greenberg Elective Trustee 2.0 0.0 X 0 0 0 Caroline Diamond Harri 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 1.0 0.0 X 0 0 0 Ming Chu Hsu Elective Trustee 1.0 0.0 X 0 0 0 Hamilton E James Elective Trustee 2.0 0.0 X 0 0 0 Michael ByungJu Kim Elective Trustee 1.0 0.0 X 0 0 0 Sacha Lainovic Elective Trustee 1.0 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 Catherine C Marron Elective Trustee as of 1/20 1.0 0.0 X 0 0 0 Bijan Mossavar-Rahmani Elective Trustee 2.0 0.0 X 0 0 0 Jeffrey M Peek Elective Trustee 2.0 0.0 X 0 0 0 Gina Peterson Elective Trustee as of 1/20 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 Alvaro Saieh Elective Trustee to 10/19 1.0 0.0 X 0 0 0 Alejandro Santo Doming Elective Trustee 2.0 0.0 X 0 0 0 Andrew M Saul Elective Trustee to 9/19 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 as of 11/19 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 Dame Anna Wintour Elective Trustee 1.0 0.0 X 0 0 0 Dasha Zhukova Elective Trustee 2.0 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 Tom Finkelpearl Ex-Officio Trustee to 12/19 1.0 0.0 X 0 0 0 Gonzalo Casals Ex-Officio Trustee as of 5/20 1.0 0.0 X 0 0 0 Scott Stringer Ex-Officio Trustee 1.0 0.0 X 0 0 0 10282744 0 1276042 330 true true false SKANSKA USA BUILDING INC 389 Interpace Parkway 5th Fl PARSIPPANY NJ 07054 Construction Manager 32091264 MASTERPIECE INTERNATIONAL 39 Broadway Suite 1410 NEW YORK NY 10006 CUSTOMS BROKERAGE 4179699 H L ELECTRIC INC 41-11 28th Street LONG ISLAND CITY NY 11101 Construction Manager 3706836 SHAWMUT DESIGN AND CONSTRUCTION 506 Harrison Avenue BOSTON MA 02118 Construction Manager 3039406 ISLAND ACOUSTICS LLC 518 Johnson Avenue BOHEMIA NY 11716 Construction Manager 2830017 66 22881625 9774807 10560621 201824440 16209809 245041493 EDUCATIONAL PRGMS, CONCERTS & LECTURES 532000 4991378 4991378 PHOTO RENTALS & FILM FEES 532000 80000 80000 5071378 39065456 -11743967 50809423 0 54479 54479 0 0 0 1094384867 995280826 99104041 99104041 99104041 362115 9774807 1737277 -1375162 -1375162 0 0 0 37494431 45318568 -7824137 -7229239 -594898 CORPORATE EVENTS 722320 1863690 168000 1695690 PARKING GARAGE 812930 1696241 1696241 RESTAURANT 722511 18174469 2002725 16171744 13796662 13796662 35531062 414668610 11726801 -8560450 166460766 0 2971472 2971472 13833 13833 0 8544477 3439334 4216221 888922 0 140852202 129043100 2896115 8912987 6922498 6133528 329315 459655 57465840 45307518 8769405 3388917 9872184 8747033 469637 655514 0 1377715 117253 1260462 881683 881683 82688 82688 137892 137892 21166282 21166282 7551338 5734624 1286070 530644 6893937 699061 4654035 1540841 25273774 20231513 4475999 566262 4340925 680704 3498513 161708 0 5989174 2617098 3369128 2948 2234564 1841651 146434 246479 0 373710 206564 100457 66689 13691467 10765428 2743119 182920 0 55247456 54598081 382711 266664 2111861 1238255 873606 PURCHASES OF ART 29823709 29823709 RESTAURANT SERVICES & SUPPLIES 4068433 13762 4054671 REPAIRS & MAINTENANCE 10111333 8534651 1400195 176487 CATERING SERVICES 2424849 1435873 572226 416750 784623 378761 368942 36920 421209919 334572806 67915226 18721887 46477189 107537254 0 0 127566117 132149424 13220692 8401423 0 0 0 0 0 0 12720325 8716108 6403852 11058394 1223046089 852841380 368956475 370204709 2837328048 2713133698 1013937764 1142402533 0 0 0 0 50498537 37350200 4477108999 4530953743 84897333 74133698 0 0 5580978 11006855 169652404 180372270 0 0 0 0 14703800 73525714 247385913 247539041 219764619 266370675 741985047 852948253 X 1061995527 1002547639 2673128425 2675457851 3735123952 3678005490 4477108999 4530953743 X -6541309 -3513907 -47063246 X false true X true false X 259945100 312492656 279348687 343470192 245041493 1440298128 0 17715465 14667793 17908833 16194609 14685720 81172420 277660565 327160449 297257520 359664801 259727213 1521470548 109225267 1412245281 38288913 39412992 44924524 45146385 50863902 218636716 0 0 1740107264 326663689 0.81159 0.81880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19000 294323 313323 467952444 468265767 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 342462 342708 321647 313323 1320140 250000 250000 250000 250000 1000000 1500000 19448 20948 18759 19000 78155 X X X X false 3256389064 52194550 123776925 3182733 167220065 3261957741 3141933837 87717708 183685830 3167736 153780575 3256389064 2893395137 39032474 330683094 3156563 118020305 3141933837 2523689299 106501247 388580757 2998554 122377612 2893395137 2700466038 20417352 -26064305 3149811 167979975 2523689299 0.28600 0.71400 false false 1015000 1015000 39210387 29447816 9762571 1112306820 763588431 348718389 70513882 59805133 10708749 370204709 PRIVATE EQUITY 728503495 F REAL ASSETS 413899038 F 1142402533 0 ANNUITY & SPLIT-INT OBLIGS. 15682975 PENSION AND OTHER ACCRUED RTRM 250687700 266370675 483149063 -3513907 14693220 11179313 471969750 -57301140 -57301140 414668610 359366804 61749065 61749065 297617739 123592180 123592180 421209919 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 $311,704,829 FROM OPERATING ACTIVITIES AND $171,444,234 FROM NON-OPERATING ACTIVITIES FOR REVENUE, GAINS AND OTHER SUPPORT. TOTAL PART XI, LINE 1 $483,149,063. SCHEDULE D, PART XI, LINE 2D RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: ADVERTISING GIFTS-IN-KIND 7,500 FEDERAL INDEMNIFICATION 599,759 UTILITIES PROVIDED BY THE CITY OF NEW YORK 14,085,961 ----------- TOTAL 14,693,220 SCHEDULE D, PART XI, LINE 4B RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: MANAGEMENT FEES AND OTHER INVESTMENT EXPENSES 20,980,703 EXCESS INVESTMENT RETURN (35,839,203) COST OF SALES (45,318,568) FUNDRAISING EVENTS (1,737,277) PROCEEDS FROM SALE OF ART 13,796,662 2015 BOND PROCEEDS 1,311,226 CORPORATE SPECIAL EVENTS 585,615 MUSEUM LOANS 663,669 PARTNERSHIP UBIT (11,743,967) ------------ TOTAL (57,301,140) SCHEDULE D, PART XII, LINE 2D RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: COST OF SALES 45,318,568 FUNDRAISING EVENTS 1,737,277 ADVERTISING GIFTS-IN-KIND 7,500 FEDERAL INDEMNIFICATION 599,759 UTILITIES PROVIDED BY THE CITY OF NEW YORK 14,085,961 ------------ TOTAL 61,749,065 SCHEDULE D, PART XII, LINE 4B RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: DEPRECIATION AND MISCELLANEOUS NON-CAPITAL EXPENSES 52,130,552 PURCHASES OF ART 29,823,709 MANAGEMENT FEES AND OTHER INVESTMENT INCOME 20,980,703 INVESTMENT EXPENSES ON THE SERIES 2015 BOND 185,579 CORPORATE SPECIAL EVENTS 585,615 MUSEUM LOANS 663,669 EFFECT OF INTEREST RATE SWAP 12,884,557 NET PERIODIC PENSION AND POST RETIREMENT BENEFIT COST 12,884,556 ----------- TOTAL 123,592,180 true Europe (Including Iceland and Greenland) Grantmaking 13833 Europe (Including Iceland and Greenland) Program Services RESEARCH & EXHIBITIONS 624119 Sub-Saharan Africa Program Services RESEARCH & EXHIBITIONS 34692 East Asia and the Pacific Program Services RESEARCH & EXHIBITIONS 188507 South Asia Program Services RESEARCH & EXHIBITIONS 41736 South America Program Services RESEARCH & EXHIBITIONS 7316 Middle East and North Africa Program Services RESEARCH & EXHIBITIONS 41556 North America Program Services RESEARCH & EXHIBITIONS 14588 Central America and the Caribbean Investments 1141605369 Europe (Including Iceland and Greenland) Investments 18380241 1160951957 1160951957 T. Rousseau Fellowship Europe (Including Iceland and Greenland) 2 13833 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. X X X X X X X true DONOR SERVICES GROUP 1200 WILSHIRE BOULEVARD SUITE 650 LOS ANGELES CA 90017 TELE- MARKETING false 205920 137892 68028 205920 137892 68028 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 4542132 4542132 624542 RE Council Ben 2597300 2468240 129060 355744 4 2997490 2764435 233055 756991 10136922 9774807 362115 1737277 1737277 -1375162 SCHEDULE G, PART I, Line 2B The Membership department contracted telemarketing firm Donor Services Group (DSG) to facilitate campaigns directed at current and lapsed Members of The Met throughout fiscal 2020. DSG callers referred to a script, preapproved by the Membership Department, when soliciting Members by phone. In fiscal 2020, 6,012 current Members were contacted by DSG requesting a contribution to the Membership Annual Appeal; 10,989 current Members were contacted by DSG prior to expiration with Membership renewal requests; 3,556 lapsed Members were contacted by DSG after expiration with a request to renew their Membership. SCHEDULE G, PART II, LINE 11 AND FORM 990, PART VIII, LINE 8 NOTE THAT THE $1,375,162 LOSS ON FORM 990, PART VIII, LINE 8(C) EXCLUDES THE $9,774,807 OF CONTRIBUTIONS WHICH IF INCLUDED, WOULD RESULT IN A NET SURPLUS OF $8.4 MILLION. true The Bothmer Fellowship 1 39583 N/A N/A Sylvan C. and Pam Coleman Memorial Fellowship 7 151530 N/A N/A Chester Dale Fellowship 8 143785 N/A N/A Annette de la Renta Fellowship 2 45250 N/A N/A The Douglass Foundation Fellowship 2 36668 N/A N/A Sherman Fairchild Foundation Fellowship 2 31553 N/A N/A Andrew W. Mellon Art History Fellowship 23 528422 N/A N/A Andrew W. Mellon Conservation Fellowship 7 232583 N/A N/A Andrew W. Mellon Postdoctoral Curatorial Fellowshi 2 103880 N/A N/A Andrew W. Mellon Collection Specialist Fellowship 4 113084 N/A N/A Research Scholarship in Photograph Conservation Fe 2 43375 N/A N/A J.Clawson Mills Fellowship 4 102170 N/A N/A Slifka Foundation Fellowship 1 24500 N/A N/A Hanns Swarzenski and Brigitte Horney Fellowship 2 45250 N/A N/A Jane and Morgan Whitney Fellowship 7 297539 N/A N/A Polaire Weissman Fellowship 3 47917 N/A N/A Leonard A. Lauder Fellowships in Modern Art 8 347928 N/A N/A Andrew W. Mellon Indian Conservation Fellowship Pr 1 14667 N/A N/A Mellon Supplemental Fellowship Funds 75 585538 N/A N/A Hagop Kevorkian Fellowship 1 36250 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 X true true X X X X X X true true false false false false false true false Lauren A Meserve SVP, Chief Investment Officer 660754 0 667118 0 1710 0 375576 0 9614 0 1714772 0 338753 0 Daniel H Weiss President/CEO, Ex-Off. Trustee 1043558 0 0 0 264624 0 39185 0 22027 0 1369394 0 0 0 Max Hollein Director/Ex-Off. Trustee 996431 0 0 0 201932 0 30800 0 20074 0 1249237 0 0 0 Clyde B Jones III SVP Institutional Advancement 527616 0 0 0 7524 0 39185 0 9707 0 584032 0 0 0 Rich Pedott VP & Gnl Mgr Retail to 10/19 405106 0 0 0 101058 0 30250 0 8843 0 545257 0 0 0 Justin V Reed Investment Officer to 8/20 253701 0 254696 0 494 0 29900 0 1264 0 540055 0 118450 0 Sharon H Cott SVP, Secretary & Gen Counsel 463778 0 0 0 4616 0 39185 0 21600 0 529179 0 0 0 Jameson Kelleher SVP, CFO & Treasurer 452163 0 0 0 1046 0 36508 0 11076 0 500793 0 0 0 Laurel Britton SVP Revenue & Ops 421161 0 0 0 1426 0 35540 0 2068 0 460195 0 0 0 Tom A Javits VP Construction & Facilities 378282 0 0 0 8521 0 39185 0 19736 0 445724 0 0 0 Allison Rutledge-Parisi VP & Chief HR Officer 383937 0 0 0 3728 0 30800 0 20739 0 439204 0 0 0 Quincy Houghton Deputy Dir of Exhibitions 365425 0 0 0 3589 0 39185 0 20064 0 428263 0 0 0 Kenneth N Weine VP External Affairs 351902 0 0 0 1880 0 30366 0 20029 0 404177 0 0 0 Andrea Bayer Deputy Dir of Collections 314306 0 0 0 4711 0 36300 0 21224 0 376541 0 0 0 Keith R Christiansen Chairman, European Paintings 303511 0 0 0 10210 0 36139 0 19386 0 369246 0 0 0 Stephen A Manzi Chief Dev. Officer Indiv 305630 0 0 0 4679 0 36413 0 19812 0 366534 0 0 0 Michael B Gallagher Chairman, Paintings Conserv. 292560 0 0 0 13766 0 39185 0 19698 0 365209 0 0 0 Keith Prewitt Chief Security Officer 293549 0 0 0 5471 0 30800 0 2534 0 332354 0 0 0 Jeffrey Spar VP Tech, CTO to 12/18 0 0 261817 0 7913 0 0 0 269730 0 0 0 Inka Drogemuller Dep Dir Digital/Edu/Library 203994 0 40000 0 764 0 20076 0 4056 0 268890 0 0 0 SCHEDULE J, PART I, LINE 1A FIRST CLASS TRAVEL - FOR CALENDAR YEAR 2019, THE MUSEUM'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, DANIEL WEISS, FLEW FIRST CLASS DOMESTICALLY ON AN EXCEPTIONAL BASIS WHERE THE AIRLINE DID NOT OFFER BUSINESS CLASS. THIS TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION. PERSONAL HOUSING - FOR CALENDAR YEAR 2019, 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 4A THE FOLLOWING PERSON RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2019: JEFFREY SPAR - $189,881 SCHEDULE J, PART I, LINE 4B THE FOLLOWING PERSONS PARTICIPATED IN OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2019: 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 $667,118 AND INVESTMENT OFFICER, JUSTIN V. REED, RECEIVED A BONUS PAYMENT OF $254,696. ALL SUCH PAYMENTS ARE 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 $336,579. 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, 2020 TO BE NEARLY 0% IN TAX EXEMPT BOND-FINANCED SPACE. THIS ANALYSIS EXCLUDES COST OF ISSUANCE. X 208 X 8 X X 144 16209809 Mkt Value- Gift Date 63 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. 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.ALL CULTURAL INSTITUTIONS, THE METROPOLITAN MUSEUM OF ART WAS FOREVER CHANGED IN FISCAL YEAR 2020 BY THREE EVENTS: THE COVID-19 PANDEMIC, WIDESPREAD ECONOMIC DOWNTURN, AND SOCIAL UNREST RELATED TO SYSTEMIC RACISM IN THE UNITED STATES AND GLOBALLY. NEARLY THREE-QUARTERS OF THE FISCAL YEAR, INCLUDING MANY IMPORTANT HIGHLIGHTS, HAD PASSED BEFORE THE PANDEMIC FORCED THE MUSEUM TO CLOSE ITS DOORS TEMPORARILY ON MARCH 13 AND NAVIGATE EXTRAORDINARY CHALLENGES. THE INSTITUTION'S ACHIEVEMENTS, ESPECIALLY THOSE OF THE FISCAL YEAR'S LAST FOUR MONTHS, FROM MARCH THROUGH JUNE--A PERIOD THAT, POIGNANTLY, INCLUDED THE 150TH ANNIVERSARY OF THE MUSEUM'S FOUNDING--PRESENT IRREFUTABLE EVIDENCE OF THE STRENGTH AND IMPORTANCE OF THE MET. WE REMAIN STEADFAST IN OUR MISSION TO CONNECT AUDIENCES TO CREATIVITY, KNOWLEDGE, AND IDEAS; TO PROTECT AND PRESERVE THE INSTITUTION AND ITS MAGNIFICENT COLLECTION OF ART OF ALL TIMES AND CULTURES IN PERPETUITY; AND TO BE GOOD CITIZENS AND EXEMPLARY LEADERS IN OUR CURRENT TIMES. THIS REPORT WAS PREPARED FIVE MONTHS AFTER THE FISCAL YEAR ENDED ON JUNE 30, AND WE LOOK BACK NOW ON THE YEAR'S CHALLENGING FINAL QUARTER ALTERED BUT CAUTIOUSLY OPTIMISTIC: ON AUGUST 29, WE MARKED A NEW CHAPTER IN THE MET'S HISTORY AS WE REOPENED THE MUSEUM AND WELCOMED VISITORS AFTER MORE THAN FIVE MONTHS OF CLOSURE. THE ROAD AHEAD WILL UNDOUBTEDLY BE DIFFICULT AS WE ADJUST TO A NEW FINANCIAL FRAMEWORK; ADAPT TO THE CONSTRAINTS REQUIRED TO PROTECT OUR HEALTH; AND WORK TO ADDRESS THE RACISM AND INJUSTICE EMBEDDED WITHIN OUR GOVERNMENT, POLICIES, SYSTEMS, AND INSTITUTIONS. FOR MORE THAN 150 YEARS, INDIVIDUALS FROM AROUND THE WORLD HAVE COME TO THE MET TO CONNECT TO DIVERSE CULTURES AND PEOPLES. NOW MORE THAN EVER, THROUGH THE SUFFERING WE HAVE EXPERIENCED AND THE OBSTACLES WE HAVE CONFRONTED THIS YEAR, BOTH AS INDIVIDUALS AND COLLECTIVELY, WE KNOW WITH CONVICTION THAT ART HAS THE POWER TO COMFORT AND INSPIRE US, BRING US TOGETHER, FOSTER UNDERSTANDING AND COMPASSION, AND ENLIGHTEN OUR LIVES, EVEN IN THE MOST DIFFICULT MOMENTS. BELOW IS A SUMMARY OF BOTH THE CHALLENGES FACED BY THE MUSEUM AND ITS MANY ACTIVITIES AND ACHIEVEMENTS THAT TOOK PLACE DURING FISCAL YEAR 2020. ON-SITE AND ONLINE ATTENDANCE BEFORE THE MUSEUM WAS FORCED TO CLOSE TEMPORARILY ON MARCH 13, IT WELCOMED 4.5 MILLION VISITORS (4,497,976) TO THREE LOCATIONS--THE MET FIFTH AVENUE, THE MET CLOISTERS, AND THE MET BREUER. THE FIGURE TRACKS CLOSELY WITH THE SAME PERIOD IN THE PRIOR FISCAL YEAR, WHEN, FOR THE THIRD YEAR IN A ROW, THE MUSEUM WELCOMED MORE THAN 7 MILLION VISITORS. CONTINUALLY ONE OF NEW YORK'S MOST VISITED TOURIST ATTRACTIONS FOR DOMESTIC AND INTERNATIONAL AUDIENCES, THE MET DRAWS A WIDE RANGE OF VISITORS. IN FISCAL YEAR 2020, INTERNATIONAL TOURISTS ACCOUNTED FOR 29 PERCENT OF VISITORS, LOCAL VISITORS FROM THE FIVE BOROUGHS MADE UP 34 PERCENT OF THE OVERALL TOTAL, AND 13 PERCENT WERE FROM THE TRI-STATE AREA. THE MET CLOISTERS DREW 180,853 VISITORS IN FISCAL YEAR 2020 AND THE MET BREUER SAW 210,602 VISITORS IN ITS FINAL YEAR. THE MUSEUM'S WEBSITE ENDED THE FISCAL YEAR WITH AROUND 33.7 MILLION VISITS, AND OUR SOCIAL MEDIA REACH HAS BEEN SIMILARLY BROAD: THE INSTITUTION'S TWITTER FEED HAS MORE THAN 4.3 MILLION FOLLOWERS, ITS WEBBY AWARD-WINNING INSTAGRAM HAS 3.7 MILLION, AND ITS FACEBOOK ACCOUNT HAS MORE THAN 2 MILLION FOLLOWERS. COMMITMENTS TO ANTI-RACISM AND DIVERSITY IN THE SPRING, WE AFFIRMED FOR OUR STAFF AND THE PUBLIC THE MET'S SOLIDARITY WITH THE BLACK COMMUNITY, RECOMMITTED TO DIVERSIFYING OUR INSTITUTION, AND MADE CLEAR THAT THE MOVEMENT FOR SOCIAL JUSTICE HAS A DIRECT IMPACT ON OUR WORK. IN JUNE WE PROPOSED BRINGING MEANINGFUL CHANGE TO THE INSTITUTION THROUGH SYSTEMIC IMPROVEMENTS IN OUR POLICIES, PRACTICES, AND PRIORITIES. PUBLICIZED IN JULY, OUR COMMITMENTS RANGE FROM HOW WE HIRE STAFF TO HOW WE BUILD AND OVERSEE OUR COLLECTION AND PROGRAMMING, STRUCTURE OUR GOVERNANCE, AND ENGAGE OUR COMMUNITY. THESE PRIORITIES ARE NOT EXHAUSTIVE, BUT THEY SET A PATH FOR THE MET TO EMERGE A STRONGER INSTITUTION FOR OUR STAFF, THE PUBLIC, AND THE LARGER CULTURAL WORLD. WE CONTINUE TO WORK THROUGH OUR DIVERSITY, EQUITY, INCLUSION, AND ACCESS (DEIA) PLAN, WHICH THE MUSEUM BEGAN IMPLEMENTING IN FISCAL YEAR 2019, AND WILL CONTINUE TO ASSESS, CHANGE, OR ADAPT IT AS NEEDED. THE MET'S VOLUNTEERS AND BOARD OF TRUSTEES ARE ENGAGED IN THEIR OWN DEIA PLANS, AND THEIR EFFORTS ARE ALSO INTEGRAL TO THE MUSEUM'S WORK IN THIS AREA. THE MET HAS FACED MANY TURNING POINTS THROUGHOUT ITS 150-YEAR HISTORY, AND THERE CAN BE NO DOUBT THAT WE ARE AT ONE OF THOSE TRANSFORMATIONAL MOMENTS NOW. WE SEE IT AS AN OPPORTUNITY TO STEWARD THE MUSEUM TOWARD A STRONG FUTURE, ONE THAT FULLY EMBRACES THE DIVERSITY, CREATIVITY, AND RICHNESS OF THE HUMAN EXPERIENCE. PROGRAMMING DURING THE MUSEUM'S CLOSURE THE IMPORTANCE OF THE MET'S VIRTUAL OFFERINGS IN RELATION TO THE MUSEUM'S MISSION TO CONNECT WITH GLOBAL AUDIENCES WAS NEVER FELT MORE KEENLY THAN IN FISCAL YEAR 2020. WHILE CLOSED, THE MUSEUM PROVIDED A CRITICAL SERVICE FOR ALL OF ITS AUDIENCES--LOCAL, NATIONAL, AND GLOBAL--THROUGH ITS DIGITAL CHANNELS. IN THE DAYS FOLLOWING ITS CLOSURE, THE MUSEUM ANNOUNCED A ROBUST SELECTION OF ONLINE CONTENT AND SOCIAL MEDIA INITIATIVES THAT ALLOWED AUDIENCES TO ACCESS EXHIBITIONS, THE MET COLLECTION, AND EDUCATIONAL RESOURCES. VISITORS COULD ALSO ENJOY LIVE AND INTERACTIVE PROGRAMMING, PERFORMANCES, CONVERSATIONS WITH CURATORS, EDUCATORS, AND ARTISTS, AND FEATURES HONORING THE LEGACY OF THE MET BREUER, WHICH SAW ITS FINAL SEASON OF PROGRAMMING THIS YEAR (SEE BELOW). THE MUSEUM'S HOME PAGE PIVOTED FROM ENCOURAGING ON-SITE VISITS TO FEATURING WEB-BASED HIGHLIGHTS, INCLUDING 360-DEGREE VIEWS OF ICONIC SPACES, BEHIND-THE-SCENES VIDEOS, AND DYNAMIC EXPLORATIONS OF EXHIBITIONS. WEEKLY FEATURES ON THE MET'S SOCIAL MEDIA CHANNELS WERE SUPPLEMENTED WITH UNIQUE STORIES FROM THE MUSEUM'S FOLLOWERS AND A FORUM FOR CURATORS TO SHARE THOUGHTS AND EXPERTISE FROM HOME. WE CREATED THE ART AT HOME HUB FOR VISITORS TO DISCOVER NEW AND EXISTING DIGITAL CONTENT; THE HOME PAGE ALSO HOSTED EVENTS RELATED TO THE 150TH ANNIVERSARY AND THE MET GALA (THE COSTUME INSTITUTE'S ANNUAL SPRING BENEFIT, WHICH WAS CANCELED THIS YEAR), AND, AT A SIGNIFICANT MOMENT, PROVIDED SPACE IN WHICH TO AMPLIFY BLACK VOICES IN SOLIDARITY FOR SOCIAL JUSTICE. 150TH ANNIVERSARY DUE TO THE CLOSURE, THE MUSEUM WAS NOT ABLE TO CELEBRATE ITS MUCH- ANTICIPATED 150TH ANNIVERSARY ON APRIL 13 OR THROUGHOUT THE SPRING AS PLANNED, BUT THE SPIRIT OF CREATIVITY AND INGENUITY THAT HAS SUSTAINED THE MET THROUGHOUT ITS FIFTEEN DECADES WAS STILL VERY MUCH EVIDENT. WE OFFERED A RANGE OF SPECIAL DIGITAL PROGRAMMING THAT ALLOWED US TO RECOGNIZE AND CELEBRATE THE MILESTONE AND CONNECT WITH OUR GLOBAL COMMUNITY THROUGH CONVERSATIONS, TALKS, PERFORMANCES, INSTRUCTOR-LED DRAWING SESSIONS, AND MORE. THE MET BREUER ANOTHER IMPORTANT MILESTONE CUT SHORT BY THE TEMPORARY CLOSURE WAS THE FINAL SEASON OF PROGRAMMING AT THE MET BREUER, WHERE, SINCE 2016, THE MUSEUM HAS REDEFINED HOW TO SHOW CONTEMPORARY ART IN THE CONTEXT OF ITS ENCYCLOPEDIC COLLECTION. (THE MET BREUER WILL NOT REOPEN TO THE PUBLIC; THE BUILDING WAS TRANSFERRED TO THE FRICK COLLECTION, AS PLANNED, IN AUGUST 2020.) AT THE MET BREUER, THE MUSEUM DEVELOPED A PIONEERING FORMAT OF THEMATIC EXHIBITIONS TO TELL NEW, MODERN STORIES IN RELATION TO HISTORY AND THE WORLD. THE PROGRAMMING PUT A SPOTLIGHT ON AN INTERNATIONAL ARRAY OF CONTEMPORARY ARTISTS, INCLUDING KERRY JAMES MARSHALL, DIANE ARBUS, MRINALINI MUKHERJEE, NASREEN MOHAMEDI, JACK WHITTEN, VIJA CELMINS, LYGIA PAPE, MARSDEN HARTLEY, SIAH ARMAJANI, LUCIO FONTANA, AND MARISA MERZ. THE SUCCESS OF THESE EXHIBITIONS, WHICH INTENTIONALLY COMPLICATED AND ENLARGED THE SO-CALLED CANON, HAS SOLIDIFIED THE MET'S REPUTATION IN THE MODERN AND CONTEMPORARY FIELD WHILE ALSO BRINGING TO THE PUBLIC IMPACTFUL, BIG-IDEA SHOWS. WHAT WE ACHIEVED AT THE MET BREUER WILL GUIDE THE MUSEUM IN THE NEXT PHASE OF DEVELOPING ITS CONTEMPORARY PROGRAM AT THE MET FIFTH AVENUE. FORM 990, PART III - PROGRAM SERVICES COLLECTION AND ACQUISITIONS THE MUSEUM'S COLLECTION SPANS MORE THAN FIVE THOUSAND YEARS OF HUMAN CREATIVITY AND WAS EXPANDED IN FISCAL YEAR 2020 BY A NUMBER OF KEY ACQUISITIONS. SEVERAL ARE HIGHLIGHTED HERE, AND MANY ARE ALSO EXPLORED IN THE ONLINE FEATURE "NEW TO THE COLLECTION." KEY ACQUISITIONS INCLUDED THIRTY-TWO CHARCOAL RUBBINGS, TITLED "ORTHOSTATES", A JOINT ACQUISITION BY THE DEPARTMENTS OF ANCIENT NEAR EASTERN ART AND MODERN AND CONTEMPORARY ART MADE BY CONTEMPORARY ARTIST RAYYANE TABET (BORN 1983, LEBANON) FROM THE FRAGMENTS OF A NEO-HITTITE FRIEZE (10TH-9TH CENTURY B.C.); FOR THE DEPARTMENT OF ASIAN ART, AN EXQUISITE JAPANESE LACQUER COSMETIC BOX ("TEBAKO") FROM THE FIRST HALF OF THE FIFTEENTH CENTURY; AN INCREDIBLY RARE AND REMARKABLE MONUMENTAL STORAGE JAR BY THE ENSLAVED AND LITERATE POTTER AND POET DAVID DRAKE, ACQUIRED FOR THE AMERICAN WING; FOR THE DEPARTMENT OF DRAWINGS AND PRINTS, MORE THAN 700 OUTSTANDING WORKS ON PAPER FROM THE COLLECTION OF LESLIE AND JOHANNA GARFIELD, A COLLECTION OF MODERNIST BRITISH PRINTS BUILT OVER THREE DECADES AND DISTINGUISHED FOR ITS DEPTH AND SCOPE, WITH A PARTICULAR FOCUS ON VORTICISM AND THE GROSVENOR SCHOOL, ESTABLISHING THE MET AS A LEADING INSTITUTION FOR BRITISH MODERNIST WORKS ON PAPER FROM THE EARLY TO MID-TWENTIETH CENTURY; FOR THE DEPARTMENT OF EUROPEAN PAINTINGS, AN EXQUISITE DEPICTION OF A VASE OF FLOWERS BY CLARA PEETERS (FLEMISH, CA. 1587-AFTER 1636), A FOUNDATIONAL FIGURE IN THE HISTORY OF EUROPEAN STILL-LIFE PAINTING; FOR THE DEPARTMENT OF PHOTOGRAPHS, SEVENTY PHOTOGRAPHS DATING TO THE AMERICAN CIVIL WAR--SEMINAL WORKS BY SIXTEEN OF THE PERIOD'S MOST ESTEEMED PHOTOGRAPHERS, INCLUDING MATHEW B. BRADY AND ALEXANDER GARDNER AS WELL AS GEORGE N. BARNARD, ANDREW JOSEPH RUSSELL, AND THOMAS C. ROCHE; AND FOR THE DEPARTMENT OF MODERN AND CONTEMPORARY ART, "BOOK NIGHT AND DAY", THIRTY WALL-MOUNTED PAINTED WOOD RELIEFS BY THE BRAZILIAN ARTIST LYGIA PAPE (1927-2004) THAT SIGNALS A KEY MOMENT IN THE HISTORY OF MODERN ART IN BRAZIL DURING THE EMERGENCE OF THE NEOCONCRETE MOVEMENT IN RIO DE JANEIRO (1959-63), IN WHICH PAPE WAS A LEADING FIGURE. EXHIBITIONS IN THE FIRST EIGHT MONTHS OF FISCAL YEAR 2020, THE MET MOUNTED THIRTY-THREE EXHIBITIONS THAT RANGED FROM GROUNDBREAKING PRESENTATIONS OF CULTURE AND HISTORY TO BOLD CONTEMPORARY ART COMMISSIONS. THE FOLLOWING EXHIBITIONS WERE AMONG THE HIGHLIGHTS IN FISCAL YEAR 2020: "APOLLO'S MUSE: THE MOON IN THE AGE OF PHOTOGRAPHY 'LEONARDO DA VINCI'S "SAINT JEROME" "KYOTO: CAPITAL OF ARTISTIC IMAGINATION "SITA AND RAMA: THE 'RAMAYANA' IN INDIAN PAINTING "THE COLMAR TREASURE: A MEDIEVAL JEWISH LEGACY THE MET'S FIRST-EVER COMMISSION FOR THE MUSEUM'S FIFTH AVENUE FACADE: FOUR SCULPTURES BY NAIROBI-BORN ARTIST WANGECHI MUTU (BORN 1978), TITLED "THE NEWONES, WILL FREE US "THE LAST KNIGHT: THE ART, ARMOR, AND AMBITION OF MAXIMILIAN I "THE RENAISSANCE OF ETCHING "FLIX VALLOTTON: PAINTER OF DISQUIET "RAYYANE TABET/ALIEN PROPERTY "MAKING MARVELS: SCIENCE AND SPLENDOR AT THE COURTS OF EUROPE "IN PURSUIT OF FASHION: THE SANDY SCHREIER COLLECTION "AESTHETIC SPLENDORS: HIGHLIGHTS FROM THE GIFT OF BARRIE AND DEEDEE WIGMORE "2020 VISION: PHOTOGRAPHS, 1840S-1860S "ARTE DEL MAR: ARTISTIC EXCHANGE IN THE CARIBBEAN THE GREAT HALL COMMISSION: KENT MONKMAN, "MISTIKSIWAK (WOODEN BOAT PEOPLE) "CHINESE PAINTING AND CALLIGRAPHY UP CLOSE "SAHEL: ART AND EMPIRES ON THE SHORES OF THE SAHARA THE NEW SERIES "CROSSROADS", WITH "POWER AND PIETY, EMPIRES AND EMPORIA, AND MYTHICAL BEASTS "PHOTOGRAPHY'S LAST CENTURY: THE ANN TENENBAUM AND THOMAS H. LEE AND AT THE MET BREUER: 'OLIVER BEER: "VESSEL ORCHESTRA" "VIJA CELMINS: TO FIX THE IMAGE IN MEMORY "FROM GRICAULT TO ROCKBURNE: SELECTIONS FROM THE MICHAEL AND JULIET RUBENSTEIN GIFT AND "GERHARD RICHTER: PAINTING AFTER ALL". 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 WAS CLOSED FROM MARCH 13 THROUGH THE END OF FISCAL YEAR 2020. IN FISCAL YEAR 2020, 6,490 VISITS WERE MADE BY OUTSIDE RESEARCHERS, AND 1,233 NEW OUTSIDE RESEARCHERS WERE REGISTERED. THE MUSEUM LIBRARIES CIRCULATED 60,890 ITEMS TO READERS. BEFORE MARCH, ELEVEN WEEKLY SESSIONS OF STORY TIME IN NOLEN LIBRARY REACHED 11,355 CHILDREN AND THEIR CAREGIVERS; SUBSEQUENTLY, ONE WEEKLY VIRTUAL SESSION REACHES AN EVEN GREATER AUDIENCE. THE LIBRARY CONTINUED TO DIGITIZE RARE COLLECTION MATERIALS, BOTH PRINTED AND MANUSCRIPT, AND TO MAKE THEM AVAILABLE ONLINE, AVERAGING 228,309 HITS PER MONTH (COMPARED TO 188,458 IN FISCAL YEAR 2019). THE MET IS ONE OF THE WORLD'S PREEMINENT ART-BOOK PUBLISHERS, AND DESPITE THE CHALLENGES POSED BY THE PANDEMIC AND TEMPORARY CLOSURE, THE PUBLICATIONS AND EDITORIAL DEPARTMENT PRODUCED TWENTY NEW TITLES AND TWO REPRINTS. AMONG THESE WERE TEN EXHIBITION CATALOGUES, INCLUDING "GERHARD RICHTER: PAINTING AFTER ALL" (CITED AS AN OUTSTANDING ART BOOK OF THE YEAR BY THE NEW YORK TIMES); THE GROUNDBREAKING "SAHEL: ART AND EMPIRES ON THE SHORES OF THE SAHARA "THE LAST KNIGHT: THE ART, ARMOR, AND AMBITION OF MAXIMILIAN I "MAKING MARVELS: SCIENCE AND SPLENDOR AT THE COURTS OF EUROPE AND, IN ANTICIPATION OF THE MUSEUM'S REOPENING, "MAKING THE MET, 1870-2020", AND "ABOUT TIME: FASHION AND DURATION". THE DEPARTMENT ALSO PUBLISHED, IN ASSOCIATION WITH PHAIDON PRESS, A VOLUME BASED ON THE HEILBRUNN TIMELINE OF ART HISTORY, "ART = DISCOVERING INFINITE CONNECTIONS IN ART HISTORY", AND RELEASED THE ANNUAL "METROPOLITAN MUSEUM JOURNALFOUR ISSUES OF THE "BULLETIN". THE DEPARTMENT'S DIGITAL PLATFORM, METPUBLICATIONS, SAW A TREMENDOUS INCREASE IN VISITORS AND PROVIDED FREE REMOTE ACCESS TO HUNDREDS OF MET TITLES. CONNECTING AUDIENCES AROUND THE WORLD WITH THE MET'S VAST RESOURCES IS AN IMPORTANT PART OF OUR MISSION, AND FISCAL YEAR 2020 SAW MANY ACHIEVEMENTS IN THIS AREA. THE YEAR SAW THE CONTINUED SUCCESS OF THE INDIAN CONSERVATION FELLOWSHIP PROGRAM (ICFP), A PARTNERSHIP INITIATED IN 2011 AMONG THE MET; STICHTING RESTAURATIE ATELIER LIMBURG, MAASTRICHT, THE NETHERLANDS; AND THE FREER GALLERY OF ART AND THE ARTHUR M. SACKLER GALLERY, SMITHSONIAN INSTITUTION, WASHINGTON, D.C. SUPPORTED BY THE ANDREW W. MELLON FOUNDATION AND INDIA'S MINISTRY OF CULTURE, THE ICFP PROVIDES OPPORTUNITIES FOR PRACTICAL TRAINING AND PROFESSIONAL DEVELOPMENT AT HOST INSTITUTIONS FOR EMERGING AND MID-CAREER INDIAN CONSERVATORS, WHO REPRESENT A CRITICAL RESOURCE FOR THE LONG-TERM PRESERVATION OF INDIA'S CULTURAL HERITAGE. THANKS TO THE SUPPORT OF THE WHITING FOUNDATION, IN JANUARY 2020 THE MET AND ITS PARTNERS HELD A SUCCESSFUL FINAL PUBLISHING WORKSHOP AS PART OF A MULTIYEAR INITIATIVE TO TRAIN SYRIAN AND IRAQI MUSEUM COLLEAGUES IN DOCUMENTING ENDANGERED COLLECTIONS. THROUGH THE ASSISTANCE OF THE MUSEUM'S ADELAIDE MILTON DE GROOT FUND, MET STAFF CONTINUED TO PARTICIPATE IN ARCHAEOLOGICAL RESEARCH IN EGYPT, GREECE, AND TURKMENISTAN. THE EGYPTIAN EXPEDITION, WORKING AT THE MIDDLE KINGDOM PYRAMID COMPLEX OF PHARAOH SENWOSRET III AT DAHSHUR IN FALL 2019, EXCAVATED THE KING'S SOUTH TEMPLE. A FALL 2019 RESEARCH TRIP TO TURKMENISTAN INCLUDED A TOPOGRAPHICAL SURVEY WITH AN UNMANNED AERIAL CAMERA IN CONDITIONS OF LOW VEGETATION AND A GEOMAGNETIC, GEOPHYSICAL SURVEY OF THE BURIED ARCHAEOLOGY. ARCHAEOLOGICAL WORK AT PALAIKASTRO, IN EASTERN CRETE, FOCUSED ON BUILDING 4 FROM THE 1986-2003 EXCAVATION CAMPAIGN OF THE MINOAN BRONZE AGE SETTLEMENT. ON THE DOMESTIC FRONT, THE NETWORK INITIATIVE FOR CONSERVATION SCIENCE (NICS), A PILOT PROGRAM LAUNCHED IN SEPTEMBER 2016 BY THE MET'S DEPARTMENT OF SCIENTIFIC RESEARCH WITH FUNDING FROM THE ANDREW W. MELLON FOUNDATION, HELD ITS THIRD ANNUAL SYMPOSIUM IN NOVEMBER 2019. NICS ADVANCES RESEARCH AND SCHOLARSHIP IN ART HISTORY, ARCHAEOLOGY, CONSERVATION, AND SCIENCE BY SHARING MET SCIENTIFIC STAFF EXPERTISE AND ANALYTICAL CAPACITY WITH A GROUP OF MUSEUMS, MOST OF WHICH DID NOT PREVIOUSLY HAVE ACCESS TO A STATE-OF-THE-ART SCIENTIFIC RESEARCH FACILITY. THIS YEAR'S SYMPOSIUM INCLUDED CONSERVATORS AND SCIENTISTS FROM THE ART INSTITUTE OF CHICAGO, THE HISPANIC SOCIETY MUSEUM AND LIBRARY, THE MORGAN LIBRARY AND MUSEUM, THE AMERICAN MUSEUM OF NATURAL HISTORY, THE CENTRAL PARK CONSERVANCY, THE UNIVERSITY OF BORDEAUX, AND NORTHWESTERN UNIVERSITY. FORM 990, PART III - PROGRAM SERVICES IN THE AREA OF DIGITAL PARTNERSHIPS, THE MET'S YOUTUBE CHANNEL GREW 37 PERCENT IN VIEWERSHIP OVER LAST YEAR, AND VIDEO OPTIMIZATION COMBINED WITH ADDITIONAL PUBLISHED CONTENT RESULTED IN A 113 PERCENT RISE IN VIEWERS AND A 90 PERCENT INCREASE IN SUBSCRIBERS DURING THE SECOND HALF OF THE YEAR AS COMPARED TO THE FIRST. THE MUSEUM LAUNCHED ON MICROSOFT FLIPGRID IN NOVEMBER AND BEGAN SHARING ITS EDUCATIONAL RESOURCES WITH A FEW DOZEN CLASSROOMS; BY APRIL, OUR EDUCATIONAL PROMPTS WERE BEING USED IN SEVERAL THOUSAND CLASSROOMS WORLDWIDE. THE MET'S OPEN ACCESS PROGRAM GREW STEADILY IN THE PAST YEAR, WITH A 35 PERCENT INCREASE IN API (APPLICATION PROGRAMMING INTERFACE) USERS AND A 41 PERCENT INCREASE IN REQUESTS. TO CELEBRATE THE THIRD ANNIVERSARY OF OPEN ACCESS AND TO CONTINUE TO LEAD THE INDUSTRY IN THIS WORK, IN FEBRUARY THE MUSEUM HOSTED A DIGITAL SALON WITH CONTRIBUTORS FROM ADOBE, GOOGLE, CORNELL TECH, AND THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). EDUCATION THE MET'S EDUCATION DEPARTMENT CONTINUED TO FOCUS ON INCREASING THE DIVERSITY AND PARTICIPATION OF THE MUSEUM'S LOCAL, NATIONAL, AND INTERNATIONAL AUDIENCES AND PARTNERS THROUGH GROUNDBREAKING PROGRAMMING, SCHOLARLY PURSUITS, AND DEEPENED COMMUNITY ENGAGEMENT. THIS YEAR THE DEPARTMENT SERVED VISITORS THROUGH APPROXIMATELY 28,000 PROGRAMS AND TOURS THAT DREW OVER 550,000 PARTICIPANTS ON-SITE. FOLLOWING THE MUSEUM'S CLOSURE, THE DEPARTMENT ENGAGED VIRTUALLY AN ADDITIONAL 1,880,000 PEOPLE WITH 175 EVENTS ON EXTERNAL PLATFORMS. ARTISTS CONTINUED TO BE ESSENTIAL PARTNERS THIS YEAR. NIKHIL CHOPRA (BORN 1974), THE 2019-20 METLIVEARTS ARTIST IN RESIDENCE, CREATED "LANDS, WATERS, AND SKIES", A PERFORMANCE PIECE THAT MESMERIZED NEARLY 20,000 VISITORS OVER NINE CONSECUTIVE DAYS IN VARIOUS SPACES AT THE MET FIFTH AVENUE IN SEPTEMBER 2019. AS PART OF THE CIVIC PRACTICE PROJECT SUPPORTING COLLABORATIVE SOCIAL JUSTICE--ORIENTED ART PROJECTS WITH LOCAL COMMUNITIES, NEW YORK-BASED ARTISTS JON GRAY, MEI LUM, AND TOSHI REAGON BEGAN THEIR MET RESIDENCIES THIS YEAR, JOINING RASHIDA BUMBRAY AND MIGUEL LUCIANO, WHOSE TWO-YEAR RESIDENCIES WERE EXTENDED DUE TO THE PANDEMIC. THROUGH ITS INNOVATIVE RANGE OF PROGRAMS THAT ENGAGE ARTISTS AND EXPERTS FROM MULTIPLE DISCIPLINES, THE MUSEUM PRESENTED CRITICAL AND RELEVANT INSIGHTS THAT UNDERSCORED ITS COMMITMENT TO SERVING AS A FORUM FOR TIMELY ISSUES. FOR EXAMPLE, THE IMMERSIVE PRODUCTION OF GERTRUDE STEIN AND VIRGIL THOMSON'S OPERA "THE MOTHER OF US ALL", STAGED IN THE MET'S CHARLES ENGELHARD COURT, CHRONICLED THE STORY OF SUSAN B. ANTHONY AND THE WOMEN'S SUFFRAGE MOVEMENT AND MIRRORED MANY ONGOING STRUGGLES FOR CIVIL RIGHTS. A DISCUSSION ON POLITICAL CAMPAIGNING IN CONNECTION WITH THE EXHIBITION "THE LAST KNIGHT: THE ART, ARMOR, AND AMBITION OF MAXIMILIAN I", FEATURED STRATEGISTS MARLON MARSHALL, AMY DACEY, AND J. C. POLANCO IN CONVERSATION WITH THE EXHIBITION'S CURATOR, PIERRE TERJANIAN, ARTHUR OCHS SULZBERGER CURATOR IN CHARGE, AND DREW COMPARISONS BETWEEN THE FIFTEENTH CENTURY AND TODAY. A DISCUSSION WITH JAZZ MUSICIAN WYNTON MARSALIS, DOCUMENTARY FILMMAKER LYNN NOVICK, COLLECTOR ANN TENENBAUM, AND THE MET'S JOYCE FRANK MENSCHEL CURATOR IN CHARGE OF THE DEPARTMENT OF PHOTOGRAPHS, JEFF L. ROSENHEIM, EXAMINED THE NATURE OF CREATIVITY AND COLLABORATION ACROSS DISCIPLINES. VARIOUS INITIATIVES AND EVENTS DEMONSTRATED THE MET'S COMMITMENT TO SUPPORTING COMMUNITIES OF COLOR, DIVERSIFYING ITS AUDIENCES, AND PROVIDING INSTITUTIONAL LEADERSHIP IN THE FIELD. AS A PROACTIVE RESPONSE TO THE PANDEMIC, WE CONTINUED TO CONVENE THE ADVISORY COMMITTEE ON CULTURAL ENGAGEMENT (ACCE), WHICH HELPS RAISE COMMUNITY AWARENESS OF THE MUSEUM'S DIGITAL AND EDUCATIONAL RESOURCES. WE MARKED OCTOBER'S INTERNATIONAL DAY OF THE GIRL WITH "LIBERATION: A SUMMIT FOR GIRLS AND THEIR ADVOCATES," WHICH BROUGHT TOGETHER TEEN GIRLS, EDUCATORS, ADVOCATES, AND ARTISTS TO CELEBRATE THE POWER OF BLACK AND BROWN GIRLS, PRODUCED IN COLLABORATION WITH DR. MONIQUE W. MORRIS AND THE NEW YORK CITY DEPARTMENT OF EDUCATION. OUR INTERNATIONAL ENGAGEMENT AND PARTNERSHIPS CONTINUED THIS YEAR THROUGH OUR LEADING FELLOWSHIP PROGRAM, WHICH ENGAGED FIFTY-THREE SCHOLARS FROM AROUND THE WORLD, AS WELL AS THREE FELLOWS WHO PARTICIPATED IN THE INDIAN CONSERVATION FELLOWSHIP PROGRAM MENTIONED ABOVE. CULTURAL FESTIVALS (INCLUDING THE SPRING'S VIRTUAL MUSEUM MILE EVENT) AND RELATED ACTIVITIES AND PERFORMANCES FOR VISITORS OF ALL AGES AND ABILITIES DREW MORE THAN 5,000 ATTENDEES. OUR CONTINUED COMMITMENT TO SERVE AS A CULTURAL AND SOCIAL HUB FOR NEW YORK'S YOUNG PEOPLE HAS RESULTED IN MORE THAN 36,800 TEENS AND ALMOST 130 PARTNERS PARTICIPATING IN OUR TEENS TAKE THE MET! PROGRAM OVER THE COURSE OF SIX YEARS. DUE TO THE CLOSURE, THE FIRST VIRTUAL VERSION OF THIS EVENT TOOK PLACE IN THE SPRING AND ATTRACTED 5,394 TEENS TO A FULL DAY OF ACTIVITIES ON THE SOCIAL MEDIA CHANNELS OF THE MET AND THIRTY PARTNERS. AS ALWAYS, THE MUSEUM WAS AN INDISPENSABLE RESOURCE FOR TEACHING, LEARNING, TRAINING, AND RESEARCH AT ALL LEVELS, ESPECIALLY THROUGHOUT THE SPRING QUARANTINE PERIOD. THIS FISCAL YEAR, 124,789 K-12 TEACHERS AND STUDENTS TOOK PART IN 3,972 GUIDED AND SELF-GUIDED SCHOOL GROUP VISITS TO THE MET'S THREE LOCATIONS AS WELL AS VIRTUAL TOURS OF THE MET COLLECTION. OVER 1,470 TEACHERS AND SCHOOL LEADERS ALSO PARTICIPATED IN PROGRAMS FOCUSED ON INTEGRATING ART INTO THE CLASSROOM. CAPITAL PROJECTS THE MUSEUM BOTH COMPLETED AND CONTINUED WORK ON SEVERAL CAPITAL CONSTRUCTION PROJECTS IN FISCAL YEAR 2020. THE NEW BRITISH GALLERIES OPENED MARCH 2020, JUST TEN DAYS BEFORE THE CLOSURE, FOLLOWING A THREE-YEAR RENOVATION. THE SUITE OF TEN GALLERIES, INCLUDING THREE REMARKABLE EIGHTEENTH-CENTURY INTERIORS, PROVIDES A NEW PERSPECTIVE ON BRITISH DECORATIVE ARTS, DESIGN, AND SCULPTURE FROM 1500 TO 1900, FOCUSING ON THE PERIOD'S ENTREPRENEURIAL SPIRIT AND IMPERIAL HISTORY. THE REIMAGINED GALLERIES ARE ALSO AN EXAMPLE OF OUR COMMITMENT TO ACKNOWLEDGE AND EXPLORE THEMES OF REPRESENTATION AND DIVERSITY THROUGH OUR PROGRAMMING. THE PROJECT REPRESENTS THE FIRST COMPLETE RENOVATION OF THE GALLERIES SINCE THEY WERE ESTABLISHED MORE THAN THIRTY YEARS AGO AND FEATURES A LARGE NUMBER OF NEW ACQUISITIONS. THE PHASED REPLACEMENT OF THE SKYLIGHTS AND INFRASTRUCTURE OVER THE EUROPEAN PAINTINGS GALLERIES ALSO CONTINUED APACE, WITH COMPLETION EXPECTED IN SPRING 2022. TO ENSURE THAT IMPORTANT MASTERPIECES REMAIN ON VIEW DURING THIS TIME, MANY WORKS HAVE BEEN MOVED TO OTHER GALLERIES. THE MUSEUM'S AMBITIOUS PROJECT TO RENOVATE THE MICHAEL C. ROCKEFELLER WING, WHICH COMPRISES THE 40,000-SQUARE-FOOT GALLERIES OF THE DEPARTMENT OF THE ARTS OF AFRICA, OCEANIA, AND THE AMERICAS, BEGAN IN FALL 2019, WITH THE COMPLETION OF DESIGN DEVELOPMENT AND THE CLOSURE OF A SMALL AMOUNT OF GALLERY SPACE FOR COLLECTION STORAGE IN PREPARATION FOR THE START OF CONSTRUCTION IN 2021. THIS MAJOR REDESIGN IS A VITAL PART OF THE MUSEUM'S LONG-TERM COMMITMENT TO ADVANCING THE PRESENTATION AND STUDY OF THE CONTRIBUTIONS OF THESE AREAS TO THE HISTORY OF WORLD ART AND WILL ALSO FEATURE CONNECTIONS BETWEEN THE WING AND THE REST OF THE MUSEUM. LAST FALL, WE ALSO COMPLETED A PROJECT THAT BOTH ENHANCES THE ENTRY EXPERIENCE FOR VISITORS IN THE GREAT HALL AND RESTORES THE INTEGRITY AND ARCHITECTURAL BEAUTY OF THAT MAJESTIC SPACE. THE CORNERSTONE OF THE PROJECT IS A NEW TICKETING ROOM SO THAT VISITORS NOW ENJOY UNOBSTRUCTED VIEWS INTO THE EGYPTIAN AND GREEK AND ROMAN GALLERIES. 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. FORM 990, PART VI, LINE 2 - FAMILY OR BUSINESS RELATIONSHIP TWO TRUSTEES OF THE MUSEUM, JAMES BREYER AND HAMILTON JAMES, HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER; BOTH SERVE ON THE BOARD OF DIRECTORS OF THE BLACKSTONE GROUP. 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 (13,567,284) UNREALIZED GAINS AND LOSSES ON 2015 BOND PROCEEDS 4,627,602 NET RECLASSIFICATIONS, FEES, AND OTHER 2,702,201 PENSION - RELATED CHANGES OTHER THAN NPPC (38,474,866) CHANGE IN FAIR VALUE OF INTEREST RATE EXCHANGE AGREEMENTS (14,094,86) PARTNERSHIP UBIT 11,743,967 ------------ TOTAL (47,063,246) 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 (27) TRUST NY NA TRUST false false false false false false false false false false false false false false false false false false false false