2020-02-19T10:53:03-06:00 2019-06-30 PricewaterhouseCoopers LLP 600 13TH STREET NW WASHINGTON DC 20005 990 2018-07-01 131624086 METROPOLITAN MUSEUM OF ART % CONTROLLER'S OFFICE METR 2128795500 1000 FIFTH AVENUE NEW YORK NY 100280198 JAMESON KELLEHER VP, CFO & TREASURER 6464713000 2020-02-19 true TRAVIS L PATTON P00369623 2024141000 155.201.13.101 13049920200505000003 2020-02-19 P 71838356D65C8C19016C7743D403B263569EBC7A 62A2779BBCCCB9A8A3709786B6DC9891B1B361FC 2018 2020-09-23 17:36:50Z Daniel Weiss 1000 FIFTH AVENUE NEW YORK NY 100280198 1261008779 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 46 44 2564 1328 -17498635 -26324101 279348687 343470192 8530162 7246478 249108489 123737907 37811505 40618994 574798843 515073571 2704214 2965533 0 0 198017360 198105171 237371 173372 15536666 291214167 290021630 492173112 491265706 82625731 23807865 4364352710 4477108999 692348797 741985047 3672003913 3735123952 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 165662723 2965533 6295448 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 $2,965,533) - SEE SCHEDULE O FOR MORE INFORMATION 88932148 6181633 ACQUISITIONS AND SALES OF ART - SEE SCHEDULE O FOR MORE INFORMATION 56868560 GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION - SEE SCHEDULE O FOR MORE INFORMATION 27078179 OPERATION OF RESTAURANTS 21059122 SPECIAL EXHIBITIONS 22703657 EDUCATION AND LIBRARIES 40650483 3577218 ALL OTHER SUPPORT SERVICES 111491441 3577218 422954872 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 773 0 true 2564 true true true true EG false false false true true false false false false false false X 46 44 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 Daniel Brodsky Elective Trustee & Chairman 5.0 0.0 X X 0 0 0 Russell L Carson Elec. Trustee&V. Chair to 9/18 1.0 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 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 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 1.0 0.0 X 0 0 0 Ming Chu Hsu Elective Trustee from 11/18 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 from 9/18 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 Bijan Mossavar-Rahmani Elective Trustee 1.0 0.0 X 0 0 0 John Paulson Elective Trustee to 9/18 1.0 0.0 X 0 0 0 Jeffrey M Peek Elective Trustee 2.0 0.0 X 0 0 0 Edward N Pick Elective Trustee from 11/18 1.0 0.0 X 0 0 0 John Pritzker Elective Trustee from 03/19 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 1.0 0.0 X 0 0 0 Alejandro Santo Domingo Elective Trustee 2.0 0.0 X 0 0 0 Andrew M Saul Elective Trustee 2.0 0.0 X 0 0 0 Andrew Solomon Elective Trustee 2.0 0.0 X 0 0 0 Beatrice Stern 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 Dame Anna Wintour Elective Trustee 1.0 0.0 X 0 0 0 Dasha Zhukova 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 Tom Finkelpearl Ex-Officio Trustee 1.0 0.0 X 0 0 0 Scott Stringer Ex-Officio Trustee 1.0 0.0 X 0 0 0 Daniel H Weiss President/CEO, Ex-Off. Trustee 35.0 0.0 X X 1191074 0 59596 Max Hollein Dir./Ex-Off. Trustee from 8/18 35.0 0.0 X X 737318 0 26775 Andrea Bayer Dep Dir Collections from 10/18 35.0 0.0 X 248134 0 54783 Quincy Houghton Deputy Dir of Exhibitions 35.0 0.0 X 378974 0 58946 Inka Drogemuller Dep Dir Dig, Ed, Pub from 4/19 35.0 0.0 X 0 0 0 Sharon H Cott SVP, Secretary & Gen. Counsel 35.0 0.0 X 454617 0 59069 Clyde B Jones III SVP Institutional Advancement 35.0 0.0 X 521009 0 47932 Laurel Britton VP Revenue & Ops from 9/18 35.0 0.0 X 277566 0 37732 Tom A Javits VP Construction & Facilities 35.0 0.0 X 379537 0 58634 Jameson Kelleher VP, CFO & Treasurer 35.0 0.0 X 413196 0 56615 Lauren A Meserve SVP, Chief Investment Officer 35.0 0.0 X 1227045 0 366601 Rich Pedott VP & Gnl Mgr Retail 35.0 0.0 X 455328 0 39093 Allison Rutledge-Parisi VP & Chief HR Officer 35.0 0.0 X 375432 0 49171 Jeffrey S Spar VP/Chief Tech Officer to 12/18 35.0 0.0 X 358872 0 58922 Kenneth N Weine VP Ex. Affairs, Chief Comm Off 35.0 0.0 X 342595 0 50541 Justin V Reed Investment Officer 35.0 0.0 X 425587 0 149910 Lisa Krassner Chief Member & VS Off. to 7/18 35.0 0.0 X 345841 0 34042 Michael B Gallagher Chairman, Paintings Conserv. 35.0 0.0 X 304908 0 58610 Keith R Christiansen Chairman, European Paintings 35.0 0.0 X 304905 0 58289 Stephen A Manzi Chief Develop Officer Indiv 35.0 0.0 X 300633 0 58691 Carrie R Barratt Deputy Dir Collections to 6/18 35.0 0.0 X 310441 0 54999 9353012 0 1438951 321 true true false SKANSKA USA BUILDING INC 389 Interpace Parkway 5th Fl PARSIPPANY NJ 07054 Construction Manager 15229135 H L ELECTRIC INC 41-11 28th St LONG ISLAND CITY NY 11101 CONSTRUCTION MANAGER 5202384 ISLAND ACCOUSTICS LLC 518 JOHNSON AVENUE BOHEMIA NY 11716 CONSTRUCTION MANAGER 2924764 Atrium Staffing LLC 625 Liberty Ave Suite 200 PITTSBURGH PA 15222 PROFESSIONAL SRVCS 2696766 MASTERPIECE INTERNATIONAL 39 Broadway Suite 1410 NEW YORK NY 10006 CUSTOMS BROKERAGE 2332542 78 29091025 22719456 13164025 278495686 90837298 343470192 EDUCATIONAL PRGMS, CONCERTS & LECTURES 532000 7047785 6950832 96953 PHOTO RENTALS & FILM FEES 532000 198693 198693 7246478 20823034 -23792101 44615135 0 531250 531250 0 0 0 793798991 -690884118 102914873 102914873 102914873 1070686 22719455 6374481 -5303795 -5303795 0 0 0 51366173 48676609 2689564 2317100 372464 CORPORATE EVENTS 722320 3327887 309088 3018799 PARKING GARAGE 812930 2429341 2429341 RESTAURANT 722511 30763114 2606557 28156557 6181633 6181633 42701975 515073571 15758653 -17498635 173343361 0 2886366 2886366 79167 79167 0 7360697 2541886 4297802 521009 0 127487451 119328778 2425720 5732953 4339430 3229590 988037 121803 49068478 36518873 11172313 1377292 9849115 7330134 2242528 276453 0 1842329 350830 1491499 997805 1394 996411 89457 89457 173372 173372 19790764 19790764 9722271 8038540 898484 785247 8470883 7565990 39151 865742 45345263 39936528 1603071 3805664 3200322 991202 2062443 146677 0 6108900 5878681 155702 74517 3206367 2846210 132831 227326 0 357025 246970 95739 14316 12865679 11608417 1076279 180983 0 48463854 46074527 2119037 270290 1820015 1047153 635787 137075 PURCHASES OF ART 88932148 88932148 RESTAURANT SERVICES & SUPPLIES 27546582 27546582 REPAIRS & MAINTENANCE 6259153 6254611 4542 CATERING SERVICES 3378937 2556821 65568 756548 1623876 1074017 480460 69399 491265706 422954872 52774168 15536666 34282316 46477189 0 0 134012172 127566117 11281301 13220692 0 0 0 0 0 0 9055056 12720325 6937539 6403852 1179047787 810091312 370825240 368956475 2788965792 2837328048 939876765 1013937764 0 0 0 0 69116529 50498537 4364352710 4477108999 69664822 84897333 0 0 6153488 5580978 164139130 169652404 0 0 0 0 12365000 14703800 246710085 247385913 193316272 219764619 692348797 741985047 X 964277996 1061995527 1617827759 1304211292 1089898158 1368917133 3672003913 3735123952 4364352710 4477108999 X 23807865 58619606 -19307432 X false true X true false X 255926608 259945100 312492656 279348687 343470192 1451183243 0 16715169 17715465 14667793 17908833 16194609 83201869 272641777 277660565 327160449 297257520 359664801 1534385112 105090823 1429294289 43474530 38288913 39412992 44924524 45146385 211247344 0 0 1745632456 340482373 0.81878 0.80766 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18759 302888 321647 545994780 546316427 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 339239 342462 342708 321647 1346056 250000 250000 250000 250000 1000000 1500000 18989 19448 20948 18759 78144 X X X X false 3141933837 87717708 183685830 3167736 153780575 3256389064 2893395137 39032474 330683094 3156563 118020305 3141933837 2523689299 106501247 388580757 2998554 122377612 2893395137 2700466038 20417352 -26064305 3149811 167979975 2523689299 2656291524 55893860 131623264 2949425 140393185 2700466038 0.28710 0.71290 false false 1015000 1015000 39524458 28258911 11265547 1069765603 723679103 346086500 68742726 58153298 10589428 368956475 PRIVATE EQUITY 556675200 F REAL ASSETS 457262564 F 1013937764 0 ANNUITY & SPLIT-INT OBLIGS. 15076392 PENSION AND OTHER ACCRUED RTRM 204688227 219764619 608910016 58619606 16245609 74865215 534044801 -18971230 -18971230 515073571 390342200 71296699 71296699 319045501 172220205 172220205 491265706 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 $370,437,874 FROM OPERATING ACTIVITIES AND $238,472,142 FROM NON-OPERATING ACTIVITIES FOR REVENUE, GAINS AND OTHER SUPPORT. TOTAL PART XI, LINE 1 $608,910,016. SCHEDULE D, PART XI, LINE 2D RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: ADVERTISING GIFTS-IN-KIND 51,000 FEDERAL INDEMNIFICATION 382,083 UTILITIES PROVIDED BY THE CITY OF NEW YORK 15,812,526 ---------- TOTAL 16,245,609 SCHEDULE D, PART XI, LINE 4B RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: MANAGEMENT FEES AND OTHER INVESTMENT EXPENSES 20,700,118 EXCESS INVESTMENT RETURN 29,956,627 COST OF SALES (48,676,609) FUNDRAISING EVENTS (6,374,481) PROCEEDS FROM SALE OF ART 6,181,633 2015 BOND PROCEEDS 1,443,558 CORPORATE SPECIAL EVENTS 729,425 MUSEUM LOANS 860,600 PARTNERSHIP UBIT (23,792,101) ------------ TOTAL (18,971,230) SCHEDULE D, PART XII, LINE 2D RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: COST OF SALES 48,676,609 FUNDRAISING EVENTS 6,374,481 ADVERTISING GIFTS-IN-KIND 51,000 FEDERAL INDEMNIFICATION 382,083 UTILITIES PROVIDED BY THE CITY OF NEW YORK 15,812,526 ------------ TOTAL 71,296,699 SCHEDULE D, PART XII, LINE 4B RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: DEPRECIATION AND MISCELLANEOUS NON-CAPITAL EXPENSES 47,932,099 PURCHASES OF ART 88,932,148 MANAGEMENT FEES AND OTHER INVESTMENT INCOME 20,700,118 INVESTMENT EXPENSES ON THE SERIES 2015 BOND 317,691 CORPORATE SPECIAL EVENTS 729,425 MUSEUM LOANS 860,600 EFFECT OF INTEREST RATE SWAP 12,748,124 ----------- TOTAL 172,220,205 true Europe (Including Iceland and Greenland) Grantmaking T. Rousseau Fellowship 79167 Europe (Including Iceland and Greenland) Program Services RESEARCH & EXHIBITIONS 624644 Sub-Saharan Africa Program Services RESEARCH & EXHIBITIONS 125 East Asia and the Pacific Program Services RESEARCH & EXHIBITIONS 157717 South Asia Program Services RESEARCH & EXHIBITIONS 101080 South America Program Services RESEARCH & EXHIBITIONS 15156 Middle East and North Africa Program Services RESEARCH & EXHIBITIONS 30589 North America Program Services RESEARCH & EXHIBITIONS 33441 Central America and the Caribbean Investments 945205537 Europe (Including Iceland and Greenland) Investments 28092504 974339960 974339960 T. Rousseau Fellowship Europe (Including Iceland and Greenland) 2 79167 CHECK 0 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 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 429709 173372 256337 429709 173372 256337 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 Institu 15128670 14615670 513000 4396288 Corporate Bene 1939155 1879215 59940 219548 8 6722316 6224570 497746 1758645 23790141 22719455 1070686 6374481 6374481 -5303795 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 2019. DSG callers referred to a script, preapproved by the Membership Department, when soliciting Members by phone. In fiscal 2019, 7,564 current Members were contacted by DSG requesting a contribution to the Membership Annual Appeal; 19,867 current Members were contacted by DSG prior to expiration with Membership renewal requests; 2,210 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 $5,303,795 LOSS ON FORM 990, PART VIII, LINE 8(C) EXCLUDES THE $22,719,455 OF CONTRIBUTIONS WHICH IF INCLUDED, WOULD RESULT IN A NET SURPLUS OF $17.4 MILLION. true The Bothmer Fellowship 1 6667 N/A N/A Sylvan C. and Pam Coleman Memorial Fellowship 7 213750 N/A N/A Chester Dale Fellowship 10 289792 N/A N/A Annette de la Renta Fellowship 2 55238 N/A N/A The Douglass Foundation Fellowship 2 48600 N/A N/A Sherman Fairchild Foundation Fellowship 2 53167 N/A N/A Andrew W. Mellon Art History Fellowship 18 636166 N/A N/A Andrew W. Mellon Conservation Fellowship 10 265721 N/A N/A Andrew W. Mellon Postdoctoral Curatorial Fellowshi 2 88990 N/A N/A Andrew W. Mellon Collection Specialist Fellowship 3 128393 N/A N/A Research Scholarship in Photograph Conservation Fe 1 55000 N/A N/A J.Clawson Mills Fellowship 5 127017 N/A N/A Slifka Foundation Fellowship 1 6667 N/A N/A Hanns Swarzenski and Brigitte Horney Fellowship 1 38333 N/A N/A Jane and Morgan Whitney Fellowship 6 69771 N/A N/A Polaire Weissman Fellowship 3 150924 N/A N/A Leonard A. Lauder Fellowships in Modern Art 8 318407 N/A N/A Andrew W. Mellon Indian Conservation Fellowship Pr 4 71665 N/A N/A Mellon Supplemental Fellowship Funds 74 239565 N/A N/A ARIAH Fellowship 1 22533 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 their 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 true true X X X X X X true true false false false false false true false Daniel H Weiss President/CEO, Ex-Off. Trustee 955473 235601 38606 20990 1250670 Max Hollein Dir./Ex-Off. Trustee from 8/18 401317 250000 86001 22000 4775 764093 Andrea Bayer Dep Dir Collections from 10/18 203224 7000 37910 33859 20924 302917 Quincy Houghton Deputy Dir of Exhibitions 355470 20000 3504 38606 20340 437920 Sharon H Cott SVP, Secretary & Gen. Counsel 450315 4302 38606 20463 513686 Clyde B Jones III SVP Institutional Advancement 513485 7524 38606 9326 568941 Laurel Britton VP Revenue & Ops from 9/18 276657 909 36354 1378 315298 Tom A Javits VP Construction & Facilities 371166 8371 38606 20028 438171 Jameson Kelleher VP, CFO & Treasurer 412235 961 35983 20632 469811 Lauren A Meserve SVP, Chief Investment Officer 643371 581964 1710 357354 9247 1593646 263163 Rich Pedott VP & Gnl Mgr Retail 453170 2158 30250 8843 494421 Allison Rutledge-Parisi VP & Chief HR Officer 371766 3666 30250 18921 424603 Jeffrey S Spar VP/Chief Tech Officer to 12/18 357017 1855 38606 20316 417794 Kenneth N Weine VP Ex. Affairs, Chief Comm Off 340776 1819 30250 20291 393136 Justin V Reed Investment Officer 242957 182160 470 148700 1210 575497 Lisa Krassner Chief Member & VS Off. to 7/18 127117 218724 22831 11211 379883 Michael B Gallagher Chairman, Paintings Conserv. 290462 14446 38606 20004 363518 Keith R Christiansen Chairman, European Paintings 294878 10027 38606 19683 363194 Stephen A Manzi Chief Develop Officer Indiv 297677 2956 38606 20085 359324 Carrie R Barratt Deputy Dir Collections to 6/18 180910 129531 38606 16393 365440 SCHEDULE J, PART I, LINE 1A PERSONAL HOUSING - FOR CALENDAR YEAR 2018, THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT AND CHIEF Executive OFFICER, DANIEL WEISS. THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE DIRECTOR, MAX HOLLEIN, FOR A PORTION OF CALENDAR YEAR 2018 COMMENCING ON JULY 23, 2018. THESE ALLOWANCES WERE TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A THE FOLLOWING PERSON RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2018: LISA KRASSNER - $170,000 SCHEDULE J, PART I, LINE 4B THE FOLLOWING PERSONS PARTICIPATED IN OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2018: DANIEL WEISS - $105,000 MAX HOLLEIN - $22,200 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 $581,964 AND INVESTMENT OFFICER, JUSTIN V. REED, RECEIVED A BONUS PAYMENT OF $182,160. 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 $318,983 AND A BONUS PAYMENT FOR JUSTIN V. REED OF $118,450. 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, 2019 TO BE NEARLY 0% IN TAX EXEMPT BOND-FINANCED SPACE. THIS ANALYSIS EXCLUDES COST OF ISSUANCE. X 210 0 X 3 0 X 0 X 153 90837298 Mkt Value- Gift Date 70 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." THE METROPOLITAN MUSEUM OF ART'S UNPARALLELED COLLECTION, GROUNDBREAKING EXHIBITIONS AND SCHOLARSHIP, AND INNOVATIVE PROGRAMS OFFER POWERFUL WAYS TO EXPERIENCE MORE THAN FIVE MILLENNIA OF ART AND CULTURE. IN FISCAL YEAR 2019, OUR WIDE-RANGING ACTIVITIES WERE BOTH IMPACTFUL AND WELL RECEIVED. TOTAL ATTENDANCE WAS MORE THAN 7 MILLION VISITORS FOR THE THIRD YEAR IN A ROW, DEMONSTRATING THE STRENGTH OF OUR MISSION TO CONNECT PEOPLE WITH THE ART OF ALL TIMES AND CULTURES. IN FISCAL YEAR 2019 THE MUSEUM ALSO BEGAN ACTIVELY PLANNING FOR ITS 150TH ANNIVERSARY CELEBRATION IN 2020, AND WE LOOK FORWARD TO CELEBRATING WITH OUR GLOBAL AUDIENCE IN WAYS THAT ALLOW THE MAGNIFICENCE AND RELEVANCE OF THE MET TO SHINE. BELOW IS A SUMMARY OF OUR MANY ACTIVITIES AND ACHIEVEMENTS DURING FISCAL YEAR 2019. ATTENDANCE FOR THE THIRD YEAR IN A ROW THE MUSEUM WELCOMED MORE THAN 7 MILLION VISITORS (7,027,858) TO ITS THREE LOCATIONS--THE MET FIFTH AVENUE, THE MET CLOISTERS, AND THE MET BREUER--IN FISCAL YEAR 2019, WHICH WAS ALSO THE FIRST FULL FISCAL YEAR UNDER THE MUSEUM'S NEW ADMISSIONS POLICY. CONTINUALLY ONE OF NEW YORK'S MOST VISITED TOURIST ATTRACTIONS FOR DOMESTIC AND INTERNATIONAL AUDIENCES, THE MET DRAWS A WIDE RANGE OF VISITORS. IN THE PAST FISCAL YEAR, INTERNATIONAL TOURISTS ACCOUNTED FOR 28 PERCENT OF VISITORS, LOCAL VISITORS FROM THE FIVE BOROUGHS MADE UP 35 PERCENT OF THE OVERALL TOTAL, AND 16 PERCENT WERE FROM THE TRISTATE AREA. THE MET CLOISTERS DREW 325,326 VISITORS IN FISCAL YEAR 2019, A RECORD FOR THE LOCATION THAT WAS FUELED BY THE ATTENDANCE FOR "HEAVENLY BODIES: FASHION AND THE CATHOLIC IMAGINATION", AND THE MET BREUER SAW MORE THAN 326,392. INTERNATIONAL ACTIVITY CONNECTING AUDIENCES AROUND THE WORLD WITH THE MET'S VAST RESOURCES IS AN IMPORTANT PART OF OUR MISSION, AND FISCAL YEAR 2019 SAW MANY ACHIEVEMENTS IN THIS AREA. IN THE FIELD OF CONSERVATION, THE MET CONTINUES ITS LEADERSHIP ROLE IN THE INDIAN CONSERVATION FELLOWSHIP PROGRAM (ICFP), A MULTIYEAR PARTNERSHIP INITIATED IN 2011 BETWEEN THE MET; STICHTING RESTAURATIE ATELIER LIMBURG, MAASTRICHT, THE NETHERLANDS; THE FREER GALLERY OF ART AND THE ARTHUR M. SACKLER GALLERY, SMITHSONIAN INSTITUTE, WASHINGTON, D.C.; AND THE GOVERNMENT OF INDIA, SUPPORTED BY THE ANDREW W. MELLON FOUNDATION AND THE MINISTRY OF CULTURE, INDIA. THE PROGRAM PROVIDES PRACTICAL, INTENSIVE TRAINING AND PROFESSIONAL DEVELOPMENT FOR EMERGING AND MID-CAREER INDIAN CONSERVATORS AT HOST INSTITUTIONS. THE NETWORK INITIATIVE FOR CONSERVATION SCIENCE (NICS), A PILOT PROGRAM LAUNCHED IN SEPTEMBER 2016 BY THE MET AND ITS DEPARTMENT OF SCIENTIFIC RESEARCH WITH THE SUPPORT OF THE ANDREW W. MELLON FOUNDATION, HELD ITS SECOND ANNUAL SYMPOSIUM IN NOVEMBER 2018. NICS AIMS TO ADVANCE RESEARCH AND SCHOLARSHIP IN ART HISTORY, ARCHAEOLOGY, CONSERVATION, AND SCIENCE BY SHARING THE MUSEUM'S CUTTING-EDGE RESEARCH FACILITIES AND EXPERTISE WITH A GROUP OF PARTNER INSTITUTIONS, INCLUDING TEN NEW YORK MUSEUMS. CONSERVATORS FROM THE BROOKLYN MUSEUM, THE CENTRAL PARK CONSERVANCY, THE FRICK COLLECTION, THE HISPANIC SOCIETY OF AMERICA, THE MORGAN LIBRARY AND MUSEUM, AND THE NEW YORK PUBLIC LIBRARY PARTICIPATED IN THIS YEAR'S SYMPOSIUM. THE MET CONTINUED TO MAKE PROGRESS IN ITS PROJECT TO ASSIST SYRIAN AND IRAQI MUSEUM COLLEAGUES IN THEIR EFFORTS TO DOCUMENT AND PUBLISH ENDANGERED COLLECTIONS, AN INITIATIVE MADE POSSIBLE BY THE WHITING FOUNDATION. IN JANUARY 2019, THE MET AND ITS PARTNERS, COLUMBIA UNIVERSITY AND THE AMERICAN CENTER OF ORIENTAL RESEARCH (ACOR), ORGANIZED A WORKSHOP IN AMMAN, JORDAN, THAT BROUGHT TOGETHER THIRTEEN STAFF MEMBERS FROM THE IRAQ, BASRAH, MOSUL, AND SLEMANI MUSEUMS FOR SPECIALIZED TRAINING IN WRITING LABELS AND TEXT, RESEARCHING OBJECTS, PREPARING IMAGES FOR PUBLICATION, CREATING WEBSITES, AND PRODUCING PUBLICATION-READY COLLECTION-RELATED CONTENT. THROUGH THE SUPPORT OF THE MUSEUM'S ADELAIDE MILTON DE GROOT FUND, MET STAFF CONTINUE TO PARTICIPATE IN ARCHAEOLOGICAL RESEARCH IN GREECE, TURKMENISTAN, AND GUATEMALA. AT PALAIKASTRO IN EASTERN CRETE, IN AN EXCAVATION CONDUCTED UNDER THE AUSPICES OF THE BRITISH SCHOOL AT ATHENS, WORK THIS YEAR FOCUSED ON THE STUDY OF BUILDING 4 FROM THE 1986-2003 EXCAVATION CAMPAIGN OF THE MINOAN BRONZE AGE SETTLEMENT. THE MET INITIATED A NEW ARCHAEOLOGICAL PROJECT IN APRIL FOLLOWING A MEMORANDUM OF UNDERSTANDING SIGNED WITH THE MINISTRY OF CULTURE IN TURKMENISTAN FOR FIELDWORK AT THE SITE OF DANDANAKAN/DASH RABAT IN THE MARY PROVINCE, A MEDIEVAL CARAVAN TOWN. THE WORK IS CONDUCTED IN COLLABORATION WITH COLLEAGUES FROM THE NATIONAL ADMINISTRATION FOR THE PROTECTION, STUDY AND RESTORATION OF CULTURAL AND HISTORICAL MONUMENTS OF TURKMENISTAN, AND THE ANCIENT MERV HISTORICAL AND CULTURAL PARK. IN 2018, THE DEPARTMENT OF THE ARTS OF AFRICA, OCEANIA, AND THE AMERICAS PARTICIPATED IN A THIRD SEASON OF ARCHAEOLOGICAL FIELDWORK AND CONSERVATION AT THE SITE OF PIEDRAS NEGRAS, GUATEMALA, WORKING WITH THE GUATEMALAN INSTITUTE OF ANTHROPOLOGY AND HISTORY, BROWN UNIVERSITY, BRANDEIS UNIVERSITY, AND THE PEABODY MUSEUM OF ARCHAEOLOGY AND ETHNOLOGY AT HARVARD UNIVERSITY. PIEDRAS NEGRAS, ONE OF THE MOST IMPORTANT MAYA ROYAL COURTS FROM THE FIFTH TO THE NINTH CENTURY, IS RENOWNED FOR ITS HIEROGLYPHIC INSCRIPTIONS AND SCULPTURE, INCLUDING THE UPPER PORTION OF PIEDRAS NEGRAS STELA 5, ON LONG-TERM LOAN TO THE MET FROM GUATEMALA. COLLECTION AND ACQUISITIONS IN FISCAL YEAR 2019 THE MUSEUM MADE A NUMBER OF KEY ACQUISITIONS THAT ADD NEW PERSPECTIVES AND POSE NEW QUESTIONS, KEEPING THE MET A RELEVANT AND DYNAMIC INSTITUTION. KEY ACQUISITIONS INCLUDED TWO WORKS FOR THE DEPARTMENT OF EUROPEAN PAINTINGS: A 1636 PORTRAIT OF QUEEN HENRIETTA MARIA BY THE FLEMISH PAINTER ANTHONY VAN DYCK (1599-1641) AND ONE OF THE FIRST POINTILLIST PORTRAITS BY THEO VAN RYSSELBERGHE (BELGIAN, 1862-1926), TITLED "LITTLE DENISE FOR THE DEPARTMENT OF GREEK AND ROMAN ART, AN EXTRAORDINARY EXAMPLE OF ROMAN SCULPTURE--AN IMPRESSIVE MARBLE WELLHEAD, OR PUTEAL, OF THE SECOND CENTURY; FOR THE DEPARTMENT OF ASIAN ART, A MASTERWORK IN THE CORPUS OF IMPERIAL-QUALITY DEVOTIONAL BRONZE ICONS PRODUCED UNDER CHOLA PATRONAGE DEPICTING THE FORM OF SHIVA AS DESTROYER OF EVIL; FOR THE DEPARTMENT OF MEDIEVAL ART AND THE CLOISTERS, AN ILLUSTRATED MANUSCRIPT OF THE MASTER OF CLAUDE DE FRANCE, THE CELEBRATED "BOOK OF FLOWER STUDIES", (CA. 1510-15); FOR THE DEPARTMENT OF EUROPEAN SCULPTURE AND DECORATIVE ARTS, A LIFE-SIZED MARBLE BUST OF A BOUND WOMAN OF AFRICAN DESCENT BY THE FRENCH SCULPTOR JEAN-BAPTISTE CARPEAUX (1827-1875) THAT REFLECTS ON THE HORRORS OF SLAVERY FOLLOWING ITS ABOLITION IN FRANCE IN 1848 AND THE CLOSE OF THE AMERICAN CIVIL WAR IN 1865; FOR THE AMERICAN WING COLLECTION, A RARE PICTURE BY ASHCAN ARTIST JOHN SLOAN (1871-1951), "GRAY AND BRASS", THAT JUXTAPOSES SOCIOECONOMIC DIFFERENCE IN A SINGLE IMAGE AND CAPTURES THE VIBRANT SPECTACLE OF LOOKING AND BEING SEEN THAT CHARACTERIZED EARLY TWENTIETH-CENTURY CITY LIFE; AND FOR THE DEPARTMENT OF MODERN AND CONTEMPORARY ART, A MAJOR WORK BY ONE OF THE WORLD'S GREATEST LIVING SCULPTORS, CHARLES RAY (AMERICAN, BORN 1953), THE MONUMENTAL BLACK GRANITE RELIEF "TWO HORSES" (2019). FORM 990, PART III - CONTINUED EXHIBITIONS THE MET MOUNTED FORTY-FOUR EXHIBITIONS AND PUBLISHED TWENTY-SEVEN NEW TITLES IN FISCAL YEAR 2019, ALL OF WHICH OFFERED THOUGHT-PROVOKING WAYS TO EXPERIENCE ART. THE PROGRAMMING RANGED FROM SMALL, FOCUSED INSTALLATIONS TO MAJOR INTERNATIONAL LOAN SHOWS. THE FOLLOWING EXHIBITIONS WERE AMONG THE HIGHLIGHTS IN FISCAL YEAR 2019: THE FIRST COMPREHENSIVE RETROSPECTIVE IN NORTH AMERICA OF FRENCH PAINTER EUGNE DELACROIX (1798-1863); "DEVOTION TO DRAWING: THE KAREN B. COHEN COLLECTION OF EUGNE DELACROIX "JANE AND LOUISE WILSON: STASI CITY "ARMENIA! "ART OF NATIVE AMERICA: THE CHARLES AND VALERIE DIKER COLLECTION "ARTISTIC ENCOUNTERS WITH INDIGENOUS AMERICA "CELEBRATING TINTORETTO: PORTRAIT PAINTINGS AND STUDIO DRAWINGS "IN PRAISE OF PAINTING: DUTCH MASTERPIECES AT THE MET "JEWELRY: THE BODY TRANSFORMED "ATEA: NATURE AND DIVINITY IN POLYNESIA "EPIC ABSTRACTION: POLLOCK TO HERRERA "THE ART OF LONDON FIREARMS "MONUMENTAL JOURNEY: THE DAGUERREOTYPES OF GIRAULT DE PRANGEY "THE TALE OF GENJI: A JAPANESE CLASSIC ILLUMINATED "THE WORLD BETWEEN EMPIRES: ART AND IDENTITY IN THE ANCIENT MIDDLE EAST "PLAY IT LOUD: INSTRUMENTS OF ROCK & ROLL THE ROOF GARDEN COMMISSION: "ALICJA KWADE, PARAPIVOT "CAMP: NOTES ON FASHION "WATERCOLORS OF THE ACROPOLIS: MILE GILLIRON IN ATHENS "FRANK LLOYD WRIGHT TEXTILES: THE TALIESIN LINE, 1955-60 "RAGNAR KJARTANSSON: DEATH IS ELSEWHERE AND, AT THE MET BREUER: "OBSESSION: NUDES BY KLIMT, SCHIELE, AND PICASSO FROM THE SCOFIELD THAYER COLLECTION "ODYSSEY: JACK WHITTEN SCULPTURE, 1963-2017 "EVERYTHING IS CONNECTED: ART AND CONSPIRACY "JULIO LE PARC "LUCIO FONTANA: ON THE THRESHOLD "SIAH ARMAJANI: FOLLOW THIS LINE "HOME IS A FOREIGN PLACE: RECENT ACQUISITIONS IN CONTEXT AND "PHENOMENAL NATURE: MRINALINI MUKHERJEE". CONSERVATION AND RESEARCH 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. IN FISCAL YEAR 2019, 10,784 VISITS WERE MADE BY OUTSIDE RESEARCHERS, AND 1,930 NEW OUTSIDE RESEARCHERS WERE REGISTERED. THE MUSEUM LIBRARIES CIRCULATED 65,915 ITEMS TO READERS. ELEVEN WEEKLY SESSIONS OF STORY TIME IN NOLEN LIBRARY REACHED OVER 17,333 CHILDREN AND THEIR CAREGIVERS. THE LIBRARY CONTINUED TO DIGITIZE RARE COLLECTION MATERIALS, BOTH PRINTED AND MANUSCRIPT, AND TO MAKE THEM AVAILABLE ONLINE, AVERAGING 188,458 PAGE HITS PER MONTH (COMPARED TO 159,598 IN FISCAL YEAR 2018). THE MET IS ONE OF THE WORLD'S PREEMINENT ART-BOOK PUBLISHERS, AND IN FISCAL YEAR 2019 THE MUSEUM'S PUBLICATIONS AND EDITORIAL DEPARTMENT HAD ONE OF ITS MOST ACTIVE YEARS, PRODUCING TWENTY-SEVEN NEW TITLES AND EIGHT REPRINTS. AMONG THESE WERE FOURTEEN EXHIBITION CATALOGUES, INCLUDING THE HIGHLY SUCCESSFUL "DELACROIX", "ARMENIA: ART, RELIGION, AND TRADE IN THE MIDDLE AGES", "THE TALE OF GENJI: A JAPANESE CLASSIC ILLUMINATED", "PLAY IT LOUD: INSTRUMENTS OF ROCK & ROLL", AND "CAMP: NOTES ON FASHION", AS WELL AS CATALOGUES ON THE DAGUERREOTYPES OF GIRAULT DE PRANGEY, NATIVE AMERICAN ART, PHOTOGRAPHS OF THE MOON, AND JEWELRY. IN ADDITION, THE DEPARTMENT PUBLISHED VOLUMES HIGHLIGHTING THE MET COLLECTION OF FRENCH PAINTINGS (AVAILABLE ONLINE AND IN PRINT), ISLAMIC CALLIGRAPHY, AND MODERN AND CONTEMPORARY ART, AS WELL AS A NEW EDITION OF THE "METROPOLITAN MUSEUM GUIDE". IT INAUGURATED A PICTURE ALBUMS SERIES TO ACCOMPANY SELECT EXHIBITIONS, AND PUBLISHED THE ANNUAL "METROPOLITAN MUSEUM JOURNALFOUR ISSUES OF THE "BULLETIN". EDUCATION THROUGH ANOTHER SUCCESSFUL YEAR OF INNOVATIVE PROGRAMMING, SCHOLARLY ENDEAVORS, AND COMMUNITY ENGAGEMENT, THE MUSEUM'S EDUCATION DEPARTMENT INCREASED THE DIVERSITY AND PARTICIPATION OF THE MET AUDIENCES IN FISCAL YEAR 2019. WHILE FOSTERING GREATER COLLABORATION AMONG COLLEAGUES WITHIN THE MET AS WELL AS LOCALLY, NATIONALLY, AND INTERNATIONALLY, THE DEPARTMENT ALSO CONTINUED WORK ON ITS KEY PRIORITIES TO SOLIDIFY ITS POSITION AS A LEADER AND INFLUENCER IN THE FIELD; MAKE THE MET RESPONSIVE AND RELEVANT, SERVING AS A PLATFORM FOR TIMELY ISSUES; DEEPEN THE MUSEUM'S PRESENCE AND IMPACT BEYOND ITS WALLS AND INTO COMMUNITIES; AND ESTABLISH GALLERIES AND OTHER SPACES AS ACTIVE LABORATORIES FOR SCHOLARS, ARTISTS, AND THE GENERAL PUBLIC. IN THE PAST FISCAL YEAR, THE DEPARTMENT SERVED OVER TWELVE PERCENT OF THE MUSEUM'S MORE THAN 7 MILLION VISITORS THROUGH APPROXIMATELY 37,400 PROGRAMS AND TOURS THAT DREW OVER 830,000 PARTICIPANTS. ARTISTS CONTINUED TO BE CRITICAL PARTNERS. SOPRANO JULIA BULLOCK, THE 2018-19 METLIVEARTS ARTIST IN RESIDENCE, CREATED FIVE PROGRAMS IN COLLABORATION WITH GUEST ARTISTS, SUCH AS THE MULTI-INSTRUMENTALIST TYSHAWN SOREY, TO EXAMINE ISSUES OF EXOTICISM, IDENTITY, SEGREGATION, AND CULTURAL EXCLUSION IN THE CONTEXT OF AND THROUGH THE COLLECTION. AS PART OF THE THREE-YEAR KENAN PROJECT LAUNCHED IN FALL 2017, THE MET, IN PARTNERSHIP WITH NEW YORK UNIVERSITY'S TISCH SCHOOL OF THE ARTS CONTINUED TO CONVENE NINETEEN OTHER ORGANIZATIONS IN A PROFESSIONAL-LEARNING COMMUNITY FOCUSED ON THE SOCIAL IMPACT OF THE ARTS IN AND WITH COMMUNITIES. NEW YORK-BASED ARTISTS RASHIDA BUMBRAY AND MIGUEL LUCIANO WORKED WITH MUSEUM EDUCATORS AND CURATORIAL STAFF TO LEAD THE KENAN PROJECT'S CIVIC PRACTICE SEMINAR, FORGING VITAL CONNECTIONS BETWEEN THE HISTORY AND COLLECTION OF THE MET AND THE NEIGHBORHOODS OF BEDFORD-STUYVESANT AND EAST HARLEM. ARTIST PARTICIPANTS IN THE SEMINAR WERE TRAINED IN BUILDING RELATIONSHIPS BETWEEN COMMUNITIES AND INSTITUTIONS. GROUNDBREAKING EDUCATION PROGRAMMING RELATED TO THE MET COLLECTION AND EXHIBITIONS FOREGROUNDED TIMELY CONVERSATIONS CONNECTING WORKS OF ART TO CURRENT EVENTS. EVENTS INSPIRED BY THE COSTUME INSTITUTE EXHIBITION "CAMP: NOTES ON FASHION", FOR EXAMPLE, INCLUDED A COLLEGE NIGHT THAT ATTRACTED MORE THAN 1,800 STUDENTS; A CONVERSATION EXPLORING THE CONCEPT OF CAMP IN PERFORMANCE, BALLROOM STYLE, POP CULTURE, AND HIGH FASHION BETWEEN BROADWAY PERFORMER AND ACTOR BILLY PORTER AND CULTURAL CRITIC, DEEJAY, AND ASSISTANT PROFESSOR OF QUEER STUDIES AT VIRGINIA COMMONWEALTH UNIVERSITY, MADISON MOORE; AND A "BATTLE OF THE LEGENDS" VOGUEING COMPETITION ON DAVID H. KOCH PLAZA. TO COMMEMORATE THE FIFTIETH ANNIVERSARY OF THE STONEWALL UPRISING, EDUCATION PRESENTED METFRIDAYS-PRIDE, A MUSEUM-WIDE EVENT FEATURING TALKS THAT EXAMINED RECENT CIVIL RIGHTS VICTORIES THROUGH THE LENS OF THE MET COLLECTION, ART MAKING, A PANEL DISCUSSION ON GENDER, AND MORE. CULTURAL FESTIVALS WITH ACTIVITIES AND PERFORMANCES DESIGNED FOR VISITORS OF ALL AGES AND WITH VARIED ABILITIES DREW MORE THAN 15,300 ATTENDEES. WE ALSO LAUNCHED CRIP THE MET, AN INITIATIVE THAT ENGAGED DISABILITY SCHOLARS AND ACTIVISTS, CURATORS, EDUCATORS, AND ARTISTS IN DISCUSSION AROUND REPRESENTATIONS OF DISABILITY IN THE MUSEUM, WITH THE GOAL OF DEVELOPING INTERPRETIVE GUIDELINES FOR WRITING ABOUT DISABILITY AND ART. OUR COMMITMENT TO SERVE AS A CULTURAL AND SOCIAL HUB FOR NEW YORK'S YOUNG PEOPLE HAS RESULTED IN MORE THAN 28,000 TEENS AND ALMOST 130 PARTNERS PARTICIPATING IN OUR TEENS TAKE THE MET PROGRAM OVER THE COURSE OF FIVE YEARS. THE MET CONTINUED TO BE AN ESSENTIAL RESOURCE FOR TEACHING, LEARNING, TRAINING, AND RESEARCH AT ALL LEVELS. THIS FISCAL YEAR, 237,763 K - 12 TEACHERS AND STUDENTS PARTICIPATED IN 6,943 GUIDED AND SELF-GUIDED SCHOOL-GROUP VISITS TO THE MET'S THREE LOCATIONS. MORE THAN 2,600 TEACHERS AND SCHOOL LEADERS ALSO TOOK PART IN PROGRAMS FOCUSED ON INTEGRATING ART INTO THE CLASSROOM. FORM 990, PART III - CONTINUED DIGITAL THE MET HAS EMERGED AS A GLOBAL LEADER IN BOTH ITS DIGITAL PRACTICES AND REACH. IN OCTOBER 2018, WE LAUNCHED THE MET COLLECTION API (APPLICATION PROGRAMMING INTERFACE). BUILDING ON THE SUCCESS OF THE MUSEUM'S OPEN ACCESS POLICY ANNOUNCED IN 2017, THE API ENABLES ANY THIRD PARTY TO SUSTAINABLY INTEGRATE THE MET COLLECTION INTO THEIR WEBSITE, ENSURING THAT UP-TO-DATE VERSIONS OF MORE THAN 400,000 IMAGES AND DATA ARE AVAILABLE TO USERS WITHOUT RESTRICTION. IN RECOGNITION OF THE CONTINUALLY EXPANDING POTENTIAL FOR OPEN ACCESS TO BROADEN PUBLIC EXPOSURE TO THESE IMAGES AND SCHOLARLY RECORDS, THE MET COLLABORATED WITH MICROSOFT AND THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) TO EXPLORE THE WAYS IN WHICH AUDIENCES ENGAGE WITH THE COLLECTION THROUGH ARTIFICIAL INTELLIGENCE TECHNOLOGIES. THE RESULTS OF THE COLLABORATION WERE ANNOUNCED IN FEBRUARY 2019. LAST SPRING'S "PLAY IT LOUD: INSTRUMENTS OF ROCK & ROLL" WAS THE FIRST EXHIBITION TO FEATURE A NEW WEB-BASED DIGITAL RESOURCE CALLED THE PRIMER, WHICH ALLOWS AUDIENCES ALL OVER THE WORLD TO ENGAGE WITH THE ART IN OUR GALLERIES THROUGH STORIES, VIDEOS, AND IMAGES. GOING FORWARD, PRIMERS WILL BE OFFERED FOR MANY OF OUR MAJOR EXHIBITIONS TO HELP PREPARE VISITORS FOR AN UPCOMING VISIT OR TO EXTEND THEIR EXPERIENCE AFTERWARD. THE MUSEUM'S WEBSITE ENDED THE FISCAL YEAR WITH MORE THAN 30 MILLION VISITS, AND OUR SOCIAL MEDIA REACH HAS BEEN SIMILARLY BROAD: ITS TWITTER FEED HAS MORE THAN 4.3 MILLION FOLLOWERS, ITS WEBBY AWARD-WINNING INSTAGRAM HAS 3.2 MILLION FOLLOWERS, AND ITS FACEBOOK ACCOUNT HAS MORE THAN 1.9 MILLION FOLLOWERS. CAPITAL PROJECTS THE MUSEUM COMPLETED THE RENOVATION AND REINTERPRETATION OF ITS ANDR MERTENS GALLERIES FOR MUSICAL INSTRUMENTS IN FISCAL YEAR 2019. THE THIRD AND FINAL PHASE OF THE THREE-YEAR PROJECT OPENED IN FEBRUARY, FOLLOWING EARLIER GALLERY REOPENINGS IN JULY 2017 AND MARCH 2018, AND INCLUDES OVER 250 MUSICAL INSTRUMENTS OF VARIOUS ORIGINS AND KINDS AS WELL AS A CONCERT SPACE WITH ADVANCED RECORDING AND SOUND SYSTEMS. WE MADE SIGNIFICANT PROGRESS IN THE RENOVATION OF THE TEN GALLERIES THAT PRESENT BRITISH DECORATIVE ARTS AND SCULPTURE FROM THE EARLY SIXTEENTH THROUGH THE NINETEENTH CENTURY AND THAT INCLUDE THREE HISTORIC INTERIORS. THE GALLERIES ARE SCHEDULED TO REOPEN IN MARCH 2020. WORK TO REPLACE THE SKYLIGHTS AND MAKE INFRASTRUCTURE IMPROVEMENTS IN THE GALLERIES FOR EUROPEAN PAINTINGS FROM 1250 TO 1800 ALSO CONTINUED THIS YEAR. BEGUN IN AUGUST 2018, THIS MAJOR PROJECT TO ENHANCE VISITOR EXPERIENCE WILL BE COMPLETED OVER THREE AND A HALF YEARS. TO ENSURE THAT IMPORTANT MASTERPIECES REMAIN ON VIEW DURING THIS TIME, MANY WORKS HAVE BEEN MOVED TO OTHER GALLERIES. IN NOVEMBER 2018, THE MUSEUM ANNOUNCED IT WOULD EMBARK ON AN AMBITIOUS RENOVATION OF 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. THE WING WILL BE COMPLETELY REIMAGINED TO REFLECT NEW CURATORIAL VISION AND THE MET'S CONTINUED COMMITMENT TO ART FROM THESE REGIONS. KULAPAT YANTRASAST OF THE FIRM "WHY ARCHITECTURE" IS LEADING THE DESIGN EFFORT; WORK IS EXPECTED TO BEGIN IN LATE 2020. 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, HAMILTON E. JAMES AND J. TOMILSON HILL, HAD A BUSINESS RELATIONSHIP UNTIL DECEMBER 2018. BOTH WERE OFFICERS OF THE BLACKSTONE GROUP. In addition, 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, GENERAL COUNSEL, AND EXTERNAL TAX ADVISORS 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 ARE 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. THE INDEPENDENT COMPENSATION CONSULTANT MAKES RECOMMENDATIONS WITH RESPECT TO THE TOTAL COMPENSATION OF EACH OFFICER, AND THE COMMITTEE APPROVES THE COMPENSATION. 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 INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE ALSO CONSIDER 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 (18,924,086) UNREALIZED GAINS AND LOSSES ON 2015 BOND PROCEEDS 4,680,361 NET RECLASSIFICATIONS, FEES, AND OTHER 805,803 PENSION - RELATED CHANGES OTHER THAN NPPC (20,952,969) CHANGE IN FAIR VALUE OF INTEREST RATE EXCHANGE AGREEMENTS (8,708,642) PARTNERSHIP UBIT 23,792,101 ----------- TOTAL (19,307,432) CHARITABLE REMAINDER TRUSTS (21) TRUST NY NA TRUST false false false false false false false false false false false false false false false false false false false false