2019-02-07T13:58:26-06:00 2018-06-30 PricewaterhouseCoopers LLP 600 13TH STREET NW WASHINGTON DC 20005 990 2017-07-01 131624086 METROPOLITAN MUSEUM OF ART % CONTROLLER'S OFFICE METR 2128795500 1000 FIFTH AVENUE NEW YORK NY 100280198 JAMESON KELLEHER VP, CFO & TREASURER 2125703794 2019-02-06 true TRAVIS L PATTON P00369623 2024141000 155.201.188.32 13049920190385000000 2019-02-07 P 2D7305B4E35901339563769F0CAE0EB1A428AE03 516D56584C8721CB90688FEC2E2074CC39FA3672 2017 2019-02-21 02:37:17Z Daniel Weiss 1000 FIFTH AVENUE NEW YORK NY 100280198 1210558133 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 43 42 2547 1358 -5325359 0 312492656 279348687 6836283 8530162 210276410 249108489 44147326 37811505 573752675 574798843 3443793 2704214 0 0 205908994 198017360 192435 237371 13809106 220278456 291214167 429823678 492173112 143928997 82625731 4183398721 4364352710 749102705 692348797 3434296016 3672003913 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 161022777 2704214 6891775 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 $2,218,365) - SEE SCHEDULE O FOR MORE INFORMATION 89480764 2115470 ACQUISITIONS AND SALES OF ART - SEE SCHEDULE O FOR MORE INFORMATION 74962221 GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION - SEE SCHEDULE O FOR MORE INFORMATION 25532473 OPERATION OF RESTAURANTS 18411994 SPECIAL EXHIBITIONS 14883298 EDUCATION AND LIBRARIES 15493452 OPERATING SERVICES 6534499 229391 COMMUNICATIONS 4011320 MEMBERSHIP 2419284 1408996 OPERATION OF AUDITORIUM 1484540 OPERATION OF PARKING GARAGE 2168247 701626 CORPORATE EVENTS & FUNDRAISING 2775224 2481056 RETAIL Operations 93714331 4821069 419180093 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 2547 true true true true EG false false false true true true 1 false false false X 43 42 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 MO NH NJ NM 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 Elective Trustee & Vice Chair 2.0 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 Marina Kellen French Elective Trustee to 9/17 1.0 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 Hamilton E James Elective Trustee 2.0 0.0 X 0 0 0 Michael ByungJu Kim Elective Trustee from 9/17 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 1.0 0.0 X 0 0 0 Jeffrey M Peek Elective Trustee 2.0 0.0 X 0 0 0 Sir Paul Ruddock Elective Trustee 1.0 0.0 X 0 0 0 Bonnie J Sacerdote Elective Trustee to 9/17 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 James E Shipp Elective Trustee to 9/17 1.0 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 from 5/18 1.0 0.0 X 0 0 0 Barrie A Wigmore Elective Trustee to 9/17 1.0 0.0 X 0 0 0 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 Melissa Mark-Viverito Ex-Officio Trustee to 1/18 1.0 0.0 X 0 0 0 Corey Johnson Ex-Officio Trustee to 1/18 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 Thomas P Campbell Director to 7/17, Ex-Off. Trus 35.0 0.0 X 2690207 0 326805 Daniel H Weiss President/CEO, Ex-Off. Trustee 35.0 0.0 X 957815 0 48034 Clyde B Jones III SVP Inst. Advancement 35.0 0.0 X 490005 0 35858 Carrie R Barratt Deputy Dir Collections to 6/18 35.0 0.0 X 726736 0 47403 Quincy K Houghton Deputy Dir of Exhibitions 35.0 0.0 X 326274 0 47242 Sharon H Cott SVP, Sec & Gen Counsel 35.0 0.0 X 442280 0 47372 Jameson Kelleher VP, CFO & Treasurer 35.0 0.0 X 380839 0 47469 Tom Javits VP Construction & Facilities 35.0 0.0 X 361907 0 47186 Rich Pedott VP & Gnl Mgr Merch from 7/17 35.0 0.0 X 408751 0 34791 Debra A McDowell VP Human Resources to 10/17 35.0 0.0 X 518566 0 33783 Allison Rutledge-Parisi VP/Chief HR Officer from 8/17 35.0 0.0 X 176595 0 17061 Kenneth N Weine VP/Chief Comm Off. from 1/17 35.0 0.0 X 323878 0 41813 Suzanne E Brenner SVP/Chief Invest Off. to 11/17 35.0 0.0 X 1236865 0 47133 Lauren A Meserve Chief Investment Officer 35.0 0.0 X 1142025 0 328127 Jeffrey Spar VP Tech & Chief Tech Officer 35.0 0.0 X 357018 0 47391 Linda M Sylling Spec Ex/Gal Instl Mgr to 12/16 35.0 0.0 X 366256 0 13934 Justin V Reed Investment Officer 35.0 0.0 X 349845 0 28091 Chiara Ponticelli General Merchandise Manager 35.0 0.0 X 296206 0 25038 Keith R Christiansen Chairman, European Paintings 35.0 0.0 X 296894 0 46808 Stephen A Manzi Chief Develop Officer Indiv 35.0 0.0 X 294008 0 47092 Will Manzer VP & Gnl Mgr Merch to 6/17 35.0 0.0 X 283157 0 22806 Elyse Topalian VP for Communications to 6/17 35.0 0.0 X 423467 0 23737 12849594 0 1404974 306 true true false BEYER BLINDER BELLE ARCHITECTSPLAN 120 BROADWAY NEW YORK NY 10271 ARCHITECTURAL SVCS 4701748 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION MANAGER 4413479 ISLAND ACCOUSTICS LLC 518 JOHNSON AVENUE BOHEMIA NY 11716 CONSTRUCTION MANAGER 3492342 SCIAME CONSTRUCTION LLC 14 WALL STREET 2-L NEW YORK NY 10005 CONSTRUCTION MANAGER 2394617 RC DOLNER LLC 307 5TH AVENUE 3RD FLOOR NEW YORK NY 10016 CONSTRUCTION MANAGER 1886820 92 28649667 24035308 12084256 214579456 21598084 279348687 EDUCATIONAL PRGMS, CONCERTS & LECTURES 532000 8300771 6985827 1314944 PHOTO RENTALS & FILM FEES 532000 229391 229391 8530162 32543374 -12266952 44810326 0 114198 114198 0 0 0 797101059 580535944 216565115 216565115 216565115 1070827 24035308 6631377 -5560550 -5560550 0 0 0 51424330 48591969 2832361 2481056 351305 CORPORATE EVENTS 812930 3141022 701626 2439396 PARKING GARAGE 812930 2718441 2718441 RESTAURANT 561499 32450563 2606557 29844006 2115470 2115470 40425496 574798843 12283979 -5325359 288491536 0 2683589 2683589 20625 20625 0 11216385 5514377 5212003 490005 0 119637196 107036345 6946874 5653977 17074296 14919596 1587227 567473 40517428 35263355 3910692 1343381 9572055 8364104 889819 318132 0 1715131 170942 1544189 538320 538320 91122 91122 237371 237371 19828317 19828317 13399852 7464774 4646110 1288968 7056689 6356358 92161 608170 41418473 37172168 2127146 2119159 2781404 824303 1726996 230105 1774 1774 6189302 6050261 138841 200 3259183 2926629 160808 171746 0 459138 317772 113003 28363 12927584 11636842 1290742 0 50692527 44182011 6376795 133721 2557889 1887275 670614 PURCHASES OF ART 89480763 89480763 RESTAURANT SERVICES & SUPPLIES 28778502 28778502 REPAIRS & MAINTENANCE 3532740 3519587 13153 CATERING SERVICES 4005250 3113647 332343 559260 2500207 1403372 1037760 59075 492173112 419180093 59183913 13809106 53777494 34282316 0 0 202602890 134012172 10729116 11281301 0 0 0 0 0 0 7113639 9055056 9912363 6937539 1133735328 762910088 393462351 370825240 2604459356 2788965792 829025594 939876765 0 0 0 0 72315918 69116529 4183398721 4364352710 75662875 69664822 0 0 5328692 6153488 171422365 164139130 0 0 0 0 21675000 12365000 248666806 246710085 226346967 193316272 749102705 692348797 X 839340568 964277996 1535971088 1617827759 1058984360 1089898158 3434296016 3672003913 4183398721 4364352710 X 82625731 86788254 68293912 X false true X true false X 294489132 255926608 259945100 312492656 279348687 1402202183 0 15278239 16715169 17715465 14667793 17908833 82285499 309767371 272641777 277660565 327160449 297257520 1484487682 102801773 1381685909 49728101 43474530 38288913 39412992 44924524 215829060 10402549 10402549 0 1710719291 377491063 0.80766 0.81467 X 20948 321760 342708 547053326 547396034 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 333119 339239 342462 342708 1357528 250000 250000 250000 250000 1000000 1500000 18573 18989 19448 20948 77958 X X X X false 2893395137 39032474 330683094 3156563 118020305 3141933837 2523689299 106501247 388580757 2998554 122377612 2893395137 2700466038 20417352 -26064305 3149811 167979975 2523689299 2656291524 55893860 131623264 2949425 140393185 2700466038 2371491241 38131683 384102896 2940410 134493886 2656291524 0.30130 0.69870 false false 1015000 1015000 38717877 26646010 12071867 1026902997 681016210 345886787 67099454 55247868 11851586 370825240 PRIVATE EQUITY 474253121 F REAL ASSETS 465623644 F 939876765 0 ANNUITY & SPLIT-INT OBLIGS. 14802961 PENSION AND OTHER ACCRUED RTRM 178513311 193316272 545456763 86788254 17955821 104744075 440712688 134086155 134086155 574798843 392988728 73175679 73175679 319813049 172360063 172360063 492173112 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. THEY OFFER 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 $369,250,753 FROM OPERATING ACTIVITIES AND $176,206,010 FROM NON-OPERATING ACTIVITIES FOR REVENUE, GAINS AND OTHER SUPPORT. TOTAL PART XI, LINE 1 $545,456,763. SCHEDULE D, PART XI, LINE 2D RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: ADVERTISING GIFTS-IN-KIND 43,500 FEDERAL INDEMNIFICATION 3,273,995 UTILITIES PROVIDED BY THE CITY OF NEW YORK 14,634,838 OTHER 3,488 ---------- TOTAL 17,955,821 SCHEDULE D, PART XI, LINE 4B RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: MANAGEMENT FEES AND OTHER INVESTMENT EXPENSES 19,463,721 EXCESS INVESTMENT RETURN 177,305,880 COST OF SALES (48,591,969) FUNDRAISING EVENTS (6,631,377) PROCEEDS FROM SALE OF ART 2,115,470 2015 BOND PROCEEDS 781,945 CORPORATE SPECIAL EVENTS 972,918 MUSEUM LOANS 936,519 PARTNERSHIP UBIT (12,266,952) ------------ TOTAL 134,086,155 SCHEDULE D, PART XII, LINE 2D RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: COST OF SALES 48,591,969 FUNDRAISING EVENTS 6,631,377 ADVERTISING GIFTS-IN-KIND 43,500 FEDERAL INDEMNIFICATION 3,273,995 UTILITIES PROVIDED BY THE CITY OF NEW YORK 14,634,838 ------------ TOTAL 73,175,679 SCHEDULE D, PART XII, LINE 4B RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: DEPRECIATION AND MISCELLANEOUS NON-CAPITAL EXPENSES 48,348,011 PURCHASES OF ART 89,480,763 MANAGEMENT FEES AND OTHER INVESTMENT INCOME 19,463,721 INVESTMENT EXPENSES ON THE SERIES 2015 BOND 364,595 CORPORATE SPECIAL EVENTS 972,918 MUSEUM LOANS 936,519 EFFECT OF INTEREST RATE SWAP 12,793,536 ----------- TOTAL 172,360,063 true Europe (Including Iceland and Greenland) Grantmaking T. Rousseau Fellowship 20625 Europe (Including Iceland and Greenland) Program Services RESEARCH & EXHIBITIONS 881676 Sub-Saharan Africa Program Services RESEARCH & EXHIBITIONS 4606 East Asia and the Pacific Program Services RESEARCH & EXHIBITIONS 149373 South Asia Program Services RESEARCH & EXHIBITIONS 66210 South America Program Services RESEARCH & EXHIBITIONS 8275 Middle East and North Africa Program Services RESEARCH & EXHIBITIONS 52146 North America Program Services RESEARCH & EXHIBITIONS 7327 Russia and the Newly Independent States Program Services RESEARCH & EXHIBITIONS 2930 Central America and the Caribbean Investments 917635102 Europe (Including Iceland and Greenland) Investments 30683764 949512034 949512034 T. Rousseau Fellowship Europe (Including Iceland and Greenland) 3 20625 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 their fellowship period. The supervisor is either a curator, conservator or scientist from the department hosting the individual scholar. The scholar 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 individuals' research. X X X X X X X true DONOR SERVICES GROUP 1200 WILSHIRE BOULEVARD SUITE 650 LOS ANGELES CA 90017 TELE- MARKETING false 443393 237371 206022 443393 237371 206022 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD 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 13171037 12868537 302500 4128568 CORPORATE BENEF 4767610 4665760 101850 402835 9 7167488 6501011 666477 2099974 25106135 24035308 1070827 6631377 6631377 -5560550 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 2018. DSG callers referred to a script, preapproved by the Membership Department, when soliciting Members by phone. In fiscal 2018, 16,340 current Members were contacted by DSG requesting a contribution to the Membership Annual Appeal; 23,511 current Members were contacted by DSG prior to expiration with Membership renewal requests; 5,365 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 $5,560,550 LOSS ON FORM 990, PART VIII, LINE 8(C) EXCLUDES THE $24,035,308 OF CONTRIBUTIONS WHICH IF INCLUDED, WOULD RESULT IN A NET SURPLUS OF $18.5 MILLION. true The Bothmer Fellowship 2 45250 N/A N/A Sylvan C. and Pam Coleman Memorial Fellowship 8 154875 N/A N/A Chester Dale Fellowship 6 105750 N/A N/A Annette de la Renta Fellowship 2 94416 N/A N/A The Douglass Foundation Fellowship 2 53292 N/A N/A Sherman Fairchild Foundation Fellowship 2 86333 N/A N/A Andrew W. Mellon Art History Fellowship 12 335278 N/A N/A Andrew W. Mellon Conservation Fellowship 9 285843 N/A N/A Andrew W. Mellon Postdoctoral Curatorial Fellowshi 1 51657 N/A N/A Andrew W. Mellon Collection Specialist Fellowship 5 169446 N/A N/A Research Scholarship in Photograph Conservation Fe 2 55333 N/A N/A J.Clawson Mills Fellowship 4 102583 N/A N/A Slifka Foundation Fellowship 2 46500 N/A N/A Hanns Swarzenski and Brigitte Horney Fellowship 1 6667 N/A N/A Jane and Morgan Whitney Fellowship 15 312083 N/A N/A Polaire Weissman Fellowship 3 84583 N/A N/A Leonard A. Lauder Fellowships in Modern Art 7 262826 N/A N/A The Markoe Scholarship 1 6917 N/A N/A Andrew W. Mellon Indian Conservation Fellowship Pr 3 42290 N/A N/A Mellon Supplemental Fellowship Funds 78 333333 N/A N/A Robert Lehman Foundation Fellowship 1 20000 N/A N/A The Vilcek Fellowship 1 28333 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 scholar. The scholar 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 individuals' research. X true true X X X X X X true true false false false false false true false Thomas P Campbell Director to 7/17, Ex-Off. Trus 543317 2146890 27000 299805 3017012 Daniel H Weiss President/CEO, Ex-Off. Trustee 760291 197524 27000 21034 1005849 Clyde B Jones III SVP Inst. Advancement 486145 3860 27000 8858 525863 Carrie R Barratt Deputy Dir Collections to 6/18 359191 367545 27000 20403 774139 Quincy K Houghton Deputy Dir of Exhibitions 323075 3199 27000 20242 373516 Sharon H Cott SVP, Sec & Gen Counsel 438266 4014 27000 20372 489652 Jameson Kelleher VP, CFO & Treasurer 379981 858 27000 20469 428308 Tom Javits VP Construction & Facilities 352817 9090 27000 20186 409093 Will Manzer VP & Gnl Mgr Merch to 6/17 247695 35462 21954 852 305963 Rich Pedott VP & Gnl Mgr Merch from 7/17 406893 1858 27000 7791 443542 Debra A McDowell VP Human Resources to 10/17 165825 35000 317741 27000 6783 552349 Allison Rutledge-Parisi VP/Chief HR Officer from 8/17 144235 31250 1110 16635 426 193656 Elyse Topalian VP for Communications to 6/17 48311 375156 14730 9007 447204 Kenneth N Weine VP/Chief Comm Off. from 1/17 297567 25000 1311 27000 14813 365691 Suzanne E Brenner SVP/Chief Invest Off. to 11/17 584010 577211 75644 27000 20133 1283998 170234 Lauren A Meserve Chief Investment Officer 596020 544295 1710 318864 9263 1470152 160526 Jeffrey Spar VP Tech & Chief Tech Officer 355136 1882 27000 20391 404409 Linda M Sylling Spec Ex/Gal Instl Mgr to 12/16 9501 356755 11784 2150 380190 Justin V Reed Investment Officer 233195 115000 1650 26924 1167 377936 Chiara Ponticelli General Merchandise Manager 219695 76511 23977 1061 321244 Keith R Christiansen Chairman, European Paintings 286041 10853 27000 19808 343702 Stephen A Manzi Chief Develop Officer Indiv 291131 2877 27000 20092 341100 SCHEDULE J, PART I, LINE 1A PERSONAL HOUSING - FOR CALENDAR YEAR 2017, THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT AND CHIEF OPERATING OFFICER, DANIEL WEISS. THIS ALLOWANCE WAS TREATED AS TAXABLE COMPENSATION. FOR A PORTION OF CALENDAR YEAR 2017, THE MUSEUM PROVIDED THE DIRECTOR AND CHIEF EXECUTIVE OFFICER, THOMAS CAMPBELL, WITH A RESIDENCE THAT HE WAS REQUIRED TO LIVE IN AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE MUSEUM. THE VALUE OF THIS HOUSING WAS NOT TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A THE FOLLOWING PERSONS RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2017: THOMAS CAMPBELL - $1,500,000 CARRIE R. BARRATT - $364,000 DEBRA MCDOWELL - $207,701 ELYSE TOPALIAN - $259,708 LINDA M. SYLLING - $249,365 CHIARA PONTICELLI - $55,384 SCHEDULE J, PART I, LINE 4B THE FOLLOWING PERSONS PARTICIPATED IN OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2017: THOMAS CAMPBELL - $244,374 DANIEL WEISS - $90,000 SCHEDULE J, PART I, LINE 7 PURSUANT TO THE MUSEUM'S INCENTIVE COMPENSATION PLAN FOR INVESTMENT STAFF, SENIOR VICE PRESIDENT AND CHIEF INVESTMENT OFFICER, SUZANNE BRENNER, RECEIVED A BONUS PAYMENT OF $577,211, AND CHIEF INVESTMENT OFFICER, LAUREN MESERVE, RECEIVED A BONUS PAYMENT OF $544,295. 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 $291,865. 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. FORM 990, PART VII DANIEL WEISS WAS AN EX-OFFICIO TRUSTEE DURING CALENDAR YEAR 2017. THOMAS CAMPBELL WAS DIRECTOR AND CEO OF THE MUSEUM UNTIL FEBRUARY 2017, AND DIRECTOR OF THE MUSEUM AND AN EX-OFFICIO TRUSTEE UNTIL JULY 2017. 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 false false false A 0 0 65000000 0 0 0 795690 0 0 64204310 0 0 false false true true B 0 0 0 0 0 0 0 0 0 0 0 0 A false false true true false 0 false false false true B 0 A false true true false 0 false 0 false true B 0 0 A true B SCHEDULE K, PART III, LINES 4-6, PRIVATE BSUINESS 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, 2018 TO BE NEARLY 0% IN TAX EXEMPT BOND-FINANCED SPACE. THIS ANALYSIS EXCLUDES COST OF ISSUANCE. X 192 0 X 12 0 X 0 X 275 21598084 Mkt Value- Gift Date 65 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." DEDICATED TO CELEBRATING 5,000 YEARS OF ARTISTIC ACHIEVEMENT ACROSS ALL CULTURES, THE METROPOLITAN MUSEUM OF ART PRIDES ITSELF ON SERVING THE PUBLIC THROUGH OUR COLLECTION, EXHIBITIONS, AND EDUCATION PROGRAMS. IN FISCAL YEAR 2018, THESE ACTIVITIES NOT ONLY MET THE HIGHEST POSSIBLE STANDARDS BUT WERE ENTHUSIASTICALLY EMBRACED BY VISITORS FROM ALL OVER THE WORLD, INSPIRED EXTRAORDINARY SUPPORT, AND FOSTERED MEANINGFUL COLLABORATIONS WITH A RANGE OF CULTURAL LEADERS AND ORGANIZATIONS -- POWERFUL INDICATIONS OF THE MUSEUM'S ROLE IN KEEPING BEAUTY, CREATIVITY, AND HUMAN EXPRESSION AT THE FOREFRONT OF OUR LIVES. ATTENDANCE IN FISCAL YEAR 2018 THE MUSEUM WELCOMED MORE THAN 7.35 MILLION VISITORS -- THE MOST IN ITS RECORDED HISTORY -- TO ITS THREE LOCATIONS: THE MET FIFTH AVENUE, THE MET CLOISTERS, AND THE MET BREUER. THE INCREASE OVER 2017, WHICH SAW 7 MILLION VISITORS, WAS DUE IN LARGE PART TO "MICHELANGELO: DIVINE DRAFTSMAN AND DESIGNER," WHICH WAS ON VIEW FROM NOVEMBER 13, 2017, THROUGH FEBRUARY 12, 2018, AND BROUGHT IN 702,516 VISITORS. THE EXHIBITION IS THE TENTH MOST ATTENDED SHOW IN THE MUSEUM'S HISTORY. THE MET ALSO CONTINUED TO BE NEW YORK CITY'S MOST VISITED TOURIST ATTRACTION FOR DOMESTIC AND INTERNATIONAL AUDIENCES. IN FISCAL YEAR 2018, INTERNATIONAL VISITORS ACCOUNTED FOR 34 PERCENT OF THE MUSEUM'S AUDIENCE. IT IS ALSO A POPULAR DESTINATION FOR LOCAL VISITORS: 32 PERCENT OF THE VISITORS CAME FROM THE FIVE BOROUGHS, AND 13 PERCENT WERE FROM THE TRISTATE AREA. INTERNATIONAL ACTIVITY THE MUSEUM'S ONGOING ENGAGEMENT WITH THE GLOBAL COMMUNITY YIELDED A NUMBER OF SIGNIFICANT ACHIEVEMENTS. IN OCTOBER 2017, WE RECEIVED A GENEROUS COMMITMENT FROM THE RELIANCE FOUNDATION TO SUPPORT A RANGE OF EXHIBITIONS THAT EXPLORE AND CELEBRATE THE ARTS OF INDIA. THE FIRST PRESENTATION TO BENEFIT FROM THIS LONG-TERM COLLABORATION WAS "MODERNISM ON THE GANGES: RAGHUBIR SINGH PHOTOGRAPHS," A HIGHLIGHT AT THE MET BREUER LAST FALL. FUTURE EXHIBITIONS WILL COVER SUCH TOPICS AS EARLY BUDDHIST ART AND CONTEMPORARY INDIAN SCULPTURE. FISCAL YEAR 2018 MARKED YEAR THREE OF THE INDIAN CONSERVATION FELLOWSHIP PROGRAM (ICFP), A SIX-YEAR PARTNERSHIP BETWEEN THE MET; THE ANDREW W. MELLON FOUNDATION; STICHTING RESTAURATIE ATELIER LIMBURG, THE NETHERLANDS; AND THE GOVERNMENT OF INDIA THAT PROVIDES PRACTICAL, INTENSIVE TRAINING AND PROFESSIONAL DEVELOPMENT FOR EMERGING INDIAN CONSERVATORS AT HOST INSTITUTIONS. OVER THE PAST YEAR, THE MET AND ITS PARTNERS WELCOMED SEVEN ICFP FELLOWS FROM THE VICTORIA HALL MUSEUM, KOLKATA; CHHATRAPATI SHIVAJI MAHARAJ VASTU SANGRAHALAYA, MUMBAI; THE INDIRA GANDHI NATIONAL CENTRE FOR THE ARTS, NEW DELHI; THE NATIONAL GALLERY OF MODERN ART, NEW DELHI; AND THE INDIAN NATIONAL TRUST FOR ART AND CULTURAL HERITAGE, NEW DELHI AND BANGALORE. IN DECEMBER 2017 WE ANNOUNCED AN AMBITIOUS TEN-YEAR PARTNERSHIP WITH THE BRUKER CORPORATION TO ADVANCE ANALYTICAL TECHNOLOGIES AND METHODS IN CULTURAL HERITAGE SCIENCE. THE AFFILIATION BUILDS ON A LONG HISTORY OF COLLABORATION THAT HAS PRODUCED NEW INSTRUMENTS AND METHODS NOW WIDELY USED IN THE MATERIAL INVESTIGATION OF WORKS OF ART. IT ALLOWS US TO ADD STATE-OF-THE-ART TECHNOLOGY TO THE ALREADY IMPRESSIVE ARRAY OF SCIENTIFIC TOOLS USED BY THE DEPARTMENT OF SCIENTIFIC RESEARCH TO ADVANCE SCHOLARSHIP AND SOLVE CHALLENGING CONSERVATION PROBLEMS. ONE OF OUR MOST IMPORTANT RESPONSIBILITIES AS MUSEUM LEADERS IS TO PROTECT CULTURAL HERITAGE AND PROMOTE INTERNATIONAL EDUCATION. THE MET IS A LONGTIME PARTNER OF THE INTERNATIONAL COUNCIL OF MUSEUMS (ICOM), SUPPORTING THE ORGANIZATION'S MISSION TO ENSURE THE CONSERVATION AND PROTECTION OF CULTURAL GOODS, AND IN JANUARY 2018 WE WERE HONORED TO HOST THE PRESENTATION OF ICOM'S EMERGENCY RED LIST OF CULTURAL OBJECTS AT RISK FOR YEMEN. ICOM'S RED LISTS CATEGORIZE THE ENDANGERED ARCHAEOLOGICAL OBJECTS IN THE MOST VULNERABLE AREAS OF THE WORLD IN ORDER TO PREVENT THEM FROM BEING ILLEGALLY TRADED OR SOLD. BUILDING ON THE SUCCESS OF THE PRIOR YEAR, IN FEBRUARY 2018 THE MET HELD ITS SECOND REGIONAL HERITAGE PRESERVATION WORKSHOP IN AMMAN, JORDAN. WITH THE CONTINUED SUPPORT OF THE WHITING FOUNDATION AND IN PARTNERSHIP WITH COLUMBIA UNIVERSITY, THE WORKSHOP CONVENED SEVENTY-THREE PARTICIPANTS -- MOST OF THEM MUSEUM PROFESSIONALS FROM IRAQ, SYRIA, AND JORDAN -- FOR SPECIALIZED PRACTICAL TRAINING IN DOCUMENTATION OF ENDANGERED COLLECTIONS. IN APRIL 2018, THE MUSEUM HOSTED THE FOURTH ANNUAL GLOBAL MUSEUM LEADERS COLLOQUIUM (GMLC), A TWO-WEEK CONFERENCE FOR MUSEUM DIRECTORS FROM AROUND THE WORLD TO EXCHANGE IDEAS ABOUT THE COMMON CHALLENGES THEY FACE AND TO SHARE INSIGHTS ON VARIOUS FACETS OF MUSEUM MANAGEMENT, INCLUDING CURATORIAL AND CONSERVATION WORK AS WELL AS MARKETING, DEVELOPMENT, AND DIGITAL TECHNOLOGY. TWELVE MUSEUM DIRECTORS ATTENDED THIS YEAR'S COLLOQUIUM, BRINGING THE TOTAL NUMBER OF MUSEUM LEADERS WHO ARE NOW PART OF THE GMLC INTERNATIONAL NETWORK TO FIFTY-THREE, REPRESENTING FORTY-TWO COUNTRIES. COLLECTION AND ACQUISITIONS THE MET PRESENTS OVER 5,000 YEARS OF ART FROM AROUND THE WORLD AT ITS MAIN BUILDING ON FIFTH AVENUE, AT THE MET BREUER, AND AT THE MET CLOISTERS. THE MET HAS ALWAYS ASPIRED TO BE MORE THAN A TREASURY OF RARE AND BEAUTIFUL OBJECTS. EVERY DAY, ART COMES ALIVE IN THE MUSEUM'S GALLERIES AND THROUGH ITS EXHIBITIONS AND EVENTS, REVEALING BOTH NEW IDEAS AND UNEXPECTED CONNECTIONS ACROSS TIME AND ACROSS CULTURES. IN FISCAL YEAR 2018 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 A MASTERFUL EXAMPLE OF CUBIST PAPIER COLL (PASTED PAPER), BY JUAN GRIS (SPANISH, 1887-1927), FOR THE DEPARTMENT OF MODERN AND CONTEMPORARY ART; A PICTORIAL MUSLIN BY STANDING BEAR (MINNECONJOU LAKOTA/TETON SIOUX, 1859-1933) THAT DEPICTS THE CHAOS, SCALE, AND INTENSITY OF THE FAMOUS BATTLE OF THE LITTLE BIGHORN, ACQUIRED FOR THE AMERICAN WING; A PAIR OF ORIGINAL AND ELEGANT SCREENS THAT IS AMONG THE LARGEST AND MOST SPECTACULAR WORKS BY THE EDO-PERIOD ARTIST SAKAI HOITSU (JAPANESE, 1761-1828), FOR THE DEPARTMENT OF ASIAN ART; A POETIC LANDSCAPE BY SAMUEL PALMER (BRITISH, 1805-1881) FROM THE PERIOD WHEN THE ARTIST, WHO PREVIOUSLY WORKED IN OILS, BEGAN DEVOTING HIMSELF TO WATERCOLOR, ACQUIRED FOR THE DEPARTMENT OF DRAWINGS AND PRINTS; A RECENTLY REDISCOVERED PANEL PAINTING BY FRANCESCO SALVIATI (ITALIAN, 1510-1563) -- A VIVID DEPICTION OF THE FLORENTINE DOCTOR CARLO RIMBOTTI -- FOR THE DEPARTMENT OF EUROPEAN PAINTINGS; A PAIR OF EIGHTEENTH-CENTURY SILVER-GILT SCONCES PRODUCED IN THE GERMAN CITY OF AUGSBURG THAT ARE TWO OF ONLY FOUR SURVIVING PIECES OF A SUITE DISPLAYED AT THE ROYAL APARTMENTS OF ELECTOR AUGUSTUS THE STRONG (1670-1733), ACQUIRED FOR THE DEPARTMENT OF EUROPEAN SCULPTURE AND DECORATIVE ARTS; AND A HIGHLY DECORATED HEBREW BIBLE FROM MEDIEVAL SPAIN THAT BLENDS ISLAMIC AND CHRISTIAN GOTHIC ORNAMENTAL ELEMENTS AND EXEMPLIFIES THE EXTRAORDINARY CROSS-CULTURAL EXCHANGE THAT CHARACTERIZES THE ARTISTIC AND LITERARY PRODUCTION OF THE FIRST HALF OF THE FOURTEENTH CENTURY, ACQUIRED FOR THE DEPARTMENT OF MEDIEVAL ART AND THE CLOISTERS. FORM 990, PART III - CONTINUED CURATORIAL, 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 2018, 11,693 VISITS WERE MADE BY OUTSIDE RESEARCHERS, AND 2,163 NEW OUTSIDE RESEARCHERS WERE REGISTERED. THE MUSEUM LIBRARIES CIRCULATED 48,487 ITEMS TO READERS. ELEVEN WEEKLY SESSIONS OF STORY TIME IN NOLEN LIBRARY REACHED OVER 16,970 CHILDREN AND THEIR CAREGIVERS. THE LIBRARY CONTINUED TO DIGITIZE RARE COLLECTION MATERIALS, BOTH PRINTED AND MANUSCRIPT, AND TO MAKE THEM AVAILABLE ONLINE, AVERAGING 159,598 PAGE HITS PER MONTH (COMPARED TO 97,400 IN FISCAL YEAR 2017). THE MET IS ONE OF THE WORLD'S PREEMINENT ART-BOOK PUBLISHERS, AND IN FISCAL YEAR 2018 THE MUSEUM'S PUBLICATIONS AND EDITORIAL DEPARTMENT CONTINUED ITS EXCELLENCE IN ART-BOOK PUBLISHING WITH NUMEROUS NEW TITLES. AMONG THEM WERE SEVERAL EXHIBITION CATALOGUES, INCLUDING THE AWARD-WINNING "MICHELANGELO"HEAVENLY BODIES", AS WELL AS GROUNDBREAKING CATALOGUES LIFE", "THOMAS COLE'S JOURNEY", AND "MY SOUL HAS GROWN DEEP: BLACK ART FROM THE AMERICAN SOUTH". THE DEPARTMENT ALSO PUBLISHED VOLUMES HIGHLIGHTING THE MUSEUM'S COLLECTIONS OF EUROPEAN PORCELAIN, EDO PAINTINGS, EUROPEAN ARMOR, AND DELACROIX DRAWINGS; A BOOK BASED ON THE WEB FEATURE "THE ARTIST PROJECT AND A DIGITAL CATALOGUE OF ANCIENT CYPRIOT GLASS. TEN OF THESE TITLES WON AWARDS AND SEVEN WERE TRANSLATED INTO FOREIGN LANGUAGES, EXTENDING THEIR REACH. IN ADDITION, THE DEPARTMENT PUBLISHED FOUR ISSUES OF "THE METROPOLITAN MUSEUM OF ART BULLETINVOLUME 52 OF THE ANNUAL "METROPOLITAN MUSEUM JOURNAL". EXHIBITIONS THE MET'S DEDICATION TO FOSTERING THE UNDERSTANDING OF ARTISTIC ACHIEVEMENT ACROSS ALL CULTURES AND ITS PRODIGIOUS SCHOLARSHIP ARE REFLECTED IN THE FIFTY-SEVEN EXHIBITIONS IT MOUNTED IN FISCAL YEAR 2018 -- FROM SMALL, FOCUSED INSTALLATIONS TO MAJOR INTERNATIONAL SHOWS. THE FOLLOWING EXHIBITIONS WERE AMONG THE HIGHLIGHTS IN FISCAL YEAR 2018: "CRISTBAL DE VILLALPANDO: MEXICAN PAINTER OF THE BAROQUE "WORLD WAR I AND THE VISUAL ARTS "RELATIVE VALUES: THE COST OF ART IN THE NORTHERN RENAISSANCE "RODIN AT THE MET "LEONARDO TO MATISSE: MASTER DRAWINGS FROM THE ROBERT LEHMAN COLLECTION "MICHELANGELO: DIVINE DRAFTSMAN AND DESIGNER "DAVID HOCKNEY "THE FACE OF DYNASTY: ROYAL CRESTS FROM WESTERN CAMEROON "BEFORE/ON/AFTER: WILLIAM WEGMAN AND CALIFORNIA CONCEPTUALISM "WILLIAM EGGLESTON: LOS ALAMOS "THE SILVER CAESARS: A RENAISSANCE MYSTERY "BIRDS OF A FEATHER: JOSEPH CORNELL'S HOMAGE TO JUAN GRIS "THOMAS COLE'S JOURNEY: ATLANTIC CROSSINGS "DIAMOND MOUNTAINS: TRAVEL AND NOSTALGIA IN KOREAN ART "THE POETRY OF NATURE: EDO PAINTINGS FROM THE FISHBEIN-BENDER COLLECTION "GOLDEN KINGDOMS: LUXURY AND LEGACY IN THE ANCIENT AMERICAS "PUBLIC PARKS, PRIVATE GARDENS: PARIS TO PROVENCE "VISITORS TO VERSAILLES (1682-1789) "THE ROOF GARDEN COMMISSION: HUMA BHABHA, WE COME IN PEACE "HEAVENLY BODIES: FASHION AND THE CATHOLIC IMAGINATION "PAINTED IN MEXICO, 1700-1790: PINXIT MEXICI "HISTORY REFUSED TO DIE: HIGHLIGHTS FROM THE SOULS GROWN DEEP FOUNDATION GIFT "AFRICAN AMERICAN PORTRAITS: PHOTOGRAPHS FROM THE 1940S AND 1950S AND, AT THE MET BREUER, "DELIRIOUS: ART AT THE LIMITS OF REASON, 1950-1980 "ETTORE SOTTSASS: DESIGN RADICAL "MODERNISM ON THE GANGES: RAGHUBIR SINGH PHOTOGRAPHS "EDVARD MUNCH: BETWEEN THE CLOCK AND THE BED "PROVOCATIONS: ANSELM KIEFER AT THE MET BREUER "LEON GOLUB: RAW NERVE AND LIFE: SCULPTURE, COLOR, AND THE BODY (1300-NOW)". EDUCATION THE MUSEUM'S EDUCATION DEPARTMENT COMPLETED ANOTHER SUCCESSFUL YEAR OF CREATIVE PROGRAMMING, SCHOLARLY EFFORTS, AND COMMUNITY PROJECTS THAT ATTRACTED A DIVERSE CROSS SECTION OF MUSEUM USERS AND INCREASED AUDIENCE ENGAGEMENT. WORK ON THE DEPARTMENT'S FIVE KEY PRIORITIES -- REFINE STAFF ORGANIZATION AND INVEST IN PROFESSIONAL DEVELOPMENT; SOLIDIFY THE DEPARTMENT 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 OUTSIDE ITS PHYSICAL LOCATIONS AND INTO COMMUNITIES; AND ESTABLISH OUR GALLERIES AND OTHER SPACES AS ACTIVE LABORATORIES FOR SCHOLARS, ARTISTS, AND THE GENERAL PUBLIC -- ALSO CONTINUED THIS YEAR, FOSTERING GREATER COLLABORATION AMONG COLLEAGUES IN THE MUSEUM AND WITH PARTNERS LOCALLY, NATIONALLY, AND INTERNATIONALLY. IN FISCAL YEAR 2018, THE DEPARTMENT DIRECTLY SERVED MORE THAN ELEVEN PERCENT OF THE MUSEUM'S VISITORS THROUGH APPROXIMATELY 39,000 EVENTS THAT DREW OVER 845,000 IN-PERSON PARTICIPANTS. IN ADDITION, FIFTY OF THESE EVENTS ATTRACTED MORE THAN 1.2 MILLION VIEWERS ONLINE THROUGH FACEBOOK LIVE BROADCASTS. ARTISTS REMAINED VITAL TO OUR EDUCATION PRACTICE, ESPECIALLY THROUGH ARTIST RESIDENCIES. THIS YEAR, ANDREA MILLER -- THE FIRST CHOREOGRAPHER SELECTED FOR THIS INITIATIVE -- AND HER COMPANY, GALLIM, ENGAGED WITH THE COLLECTION AND OUR AUDIENCES THROUGH CRITICALLY ACCLAIMED COMMISSIONS AND PREMIERES. METFRIDAYS: NEW YORK'S NIGHT OUT BROUGHT IN LOCAL RESIDENTS AND WAS A CATALYST FOR PARTNERSHIPS WITH NEW YORK CITY'S CREATIVE COMMUNITY. SYMPOSIA, SUCH AS "IN OUR TIME: A YEAR OF ARCHITECTURE IN A DAYONE RELATED TO THE EXHIBITION LIFE: SCULPTURE, COLOR, AND THE BODY (1300-NOW)," SERVED OUR SCHOLARLY AUDIENCE. MUSEUM-WIDE FESTIVALS FOR LUNAR NEW YEAR AND WORLD CULTURES ATTRACTED MORE THAN SIX THOUSAND PEOPLE WITH ACTIVITIES AND PERFORMANCES THROUGHOUT THE GALLERIES. OUR PROGRAMS DESIGNED FOR PEOPLE WITH VARIED ABILITIES CONTINUED TO LEAD THE MUSEUM ACCESSIBILITY FIELD. THE MUSEUM'S ONGOING EFFORTS TO SERVE AS A CULTURAL AND SOCIAL HUB FOR NEW YORK'S YOUNG PEOPLE AGAIN INCLUDED TWO LARGE-SCALE TEENS TAKE THE MET! EVENTS, IN WHICH MORE THAN FIFTY ORGANIZATIONAL PARTNERS PRESENTED A VARIETY OF HANDS-ON ACTIVITIES. MANY OF THE APPROXIMATELY 4,700 PARTICIPATING TEENS WERE FIRST-TIME VISITORS (45 PERCENT AT THE FALL EVENT AND 40 PERCENT IN THE SPRING). OVER THE COURSE OF FOUR YEARS, WE HAVE ENGAGED MORE THAN 22,000 TEENS AND ALMOST 130 PARTNERS THROUGH THIS INITIATIVE. AS ALWAYS, THE MET CONTINUED TO BE AN ESSENTIAL RESOURCE FOR TEACHING, LEARNING, TRAINING, AND RESEARCHING AT ALL LEVELS. THIS FISCAL YEAR, 230,030 K-12 TEACHERS AND THEIR STUDENTS PARTICIPATED IN 6,582 GUIDED AND SELF-GUIDED SCHOOL-GROUP VISITS TO THE MET'S THREE LOCATIONS, AND 1,425 TEACHERS AND SCHOOL LEADERS TOOK PART IN PROGRAMS FOCUSED ON INTEGRATING ART INTO CLASSROOM TEACHING. AFTER A YEAR OF PLANNED REFLECTION, THE MET K-12 TEACHER PROFESSIONAL LEARNING COMMUNITY, A YEARLONG IMMERSIVE PRACTICUM FOR NEW YORK CITY SCHOOLTEACHERS WORKING IN TITLE I OR DISTRICT 75 PUBLIC SCHOOLS, RESUMED WITH THE SELECTION OF FIFTEEN EDUCATORS TO INVESTIGATE HOW TEACHING WITH WORKS OF ART CAN SUPPORT STUDENT LEARNING. WE ALSO GRANTED FELLOWSHIPS TO FORTY-EIGHT LEADING INTERNATIONAL SCHOLARS AS PART OF OUR PRESTIGIOUS ACADEMIC AND PROFESSIONAL PROGRAMS. IN FALL 2017, THE MUSEUM LAUNCHED THE KENAN PROJECT, A THREE-YEAR INITIATIVE THAT ADVANCES OUR OBJECTIVE TO BE A RELEVANT AND AN INSPIRING FORCE IN COMMUNITIES ACROSS NEW YORK CITY. THE PROJECT HAS TWO COMPONENTS: THE FIRST ESTABLISHES THE MET AND NEW YORK UNIVERSITY'S TISCH SCHOOL OF THE ARTS AS ANCHOR ORGANIZATIONS AMONG NINETEEN OTHER CULTURAL AND COMMUNITY-BASED INSTITUTIONS TO EXPLORE THE IMPACT OF THE ARTS IN AND WITH COMMUNITIES. THE SECOND IS A COLLABORATIVE RESIDENCY FOR NEW YORK ARTISTS COMMITTED TO SOCIAL CHANGE. INAUGURAL ARTISTS RASHIDA BUMBRAY AND MIGUEL LUCIANO ARE PARTNERING WITH THE MET TO DEVELOP AND IMPLEMENT VITAL, AMBITIOUS COLLABORATIONS BETWEEN THEIR COMMUNITIES AND THE MUSEUM, INCLUDING ENGAGING SELECTED INDIVIDUALS IN A CIVIC PRACTICE SEMINAR THAT TRAINS ARTISTS TO BUILD SOCIALLY ENGAGING AND RESPONSIBLE RELATIONSHIPS WITH COMMUNITIES AND INSTITUTIONS. THIS FISCAL YEAR WE ALSO PUBLISHED THE PROCEEDINGS OF A GROUNDBREAKING, DAYLONG CREATIVE CONVENING HELD IN FISCAL YEAR 2017 AND INSPIRED BY THE FALL 2016 MET BREUER EXHIBITION "KERRY JAMES MARSHALL: MASTRY." PUBLISHED WITH SUPPORT FROM THE FORD FOUNDATION, THE ILLUSTRATED BOOK CONSIDERS THE ROLE OF CREATIVITY, HARD WORK, SOCIAL JUSTICE, AND IMAGINATION IN VARIOUS DISCIPLINES INSPIRED BY MARSHALL'S PRACTICE AND WORK. IT WILL BE DISTRIBUTED FREE OF CHARGE TO ARTISTS, SCHOLARS, EDUCATORS, AND CULTURAL AND EDUCATIONAL INSTITUTIONS. FORM 990, PART III - CONTINUED DIGITAL THE MET HAS EMERGED AS A GLOBAL LEADER IN BOTH ITS DIGITAL PRACTICES AND REACH. THE MUSEUM'S WEBSITE ENDED THE YEAR WITH 30.4 MILLION VISITS, 32 PERCENT OF WHICH WERE INTERNATIONAL. THE MET'S ONLINE COLLECTION AND THE HEILBRUNN TIMELINE OF ART HISTORY CONTINUE TO DRAW THE MOST HITS, WITH 8.4 MILLION AND 9.4 MILLION, RESPECTIVELY. THE MET'S PARTNERSHIP WITH THE WIKIMEDIA COMMUNITY IN THE SECOND YEAR OF THE MUSEUM'S OPEN ACCESS POLICY -- WHICH MADE OVER 375,000 ONLINE COLLECTION IMAGES AVAILABLE FOR FREE AND UNRESTRICTED USE -- ENABLES THE COLLECTION TO REACH MORE THAN 10 MILLION USERS PER MONTH ON WIKIPEDIA. THE MUSEUM'S SOCIAL MEDIA REACH CONTINUES TO EXPAND: ITS TWITTER FEED HAS MORE THAN 4.4 MILLION FOLLOWERS (49 PERCENT INTERNATIONAL); ITS WEBBY AWARD-WINNING INSTAGRAM HAS 2.5 MILLION (66 PERCENT INTERNATIONAL); AND ITS FACEBOOK ACCOUNT HAS MORE THAN 1.9 MILLION (67 PERCENT INTERNATIONAL). IN ADDITION, THE MUSEUM HAS USED FACEBOOK LIVE TO REACH AUDIENCES IN ENGLISH, SPANISH, KOREAN, MANDARIN, AND AMERICAN SIGN LANGUAGE. CAPITAL PROJECTS IN MARCH 2018, THE MUSEUM COMPLETED THE SECOND PHASE OF THE RENOVATION AND REINTERPRETATION OF ITS ANDR MERTENS GALLERIES FOR MUSICAL INSTRUMENTS. CULLED FROM ONE OF THE WORLD'S MOST DIVERSE AND IMPORTANT COLLECTIONS OF MUSICAL INSTRUMENTS -- OVER 5,000 EXAMPLES FROM A VARIETY OF CULTURES AND ERAS -- THE NEW PRESENTATION GIVES VIEWERS A UNIQUE PERSPECTIVE ON THE INTERWOVEN WORLDS OF MUSIC, ART, AND SOCIETY. THE RENOVATED GALLERIES DISPLAY THE TREASURES OF THE COLLECTION, INCLUDING THE WORLD'S OLDEST SURVIVING PIANO, MADE BY BARTOLOMEO CRISTOFORI IN FLORENCE IN 1720; CLOISONN TRUMPETS FROM THE MING DYNASTY; PRE-COLUMBIAN DRUMS; ANDRS SEGOVIA'S GUITAR; AND VIOLINS BY ANTONIO STRADIVARI AND ANDREA AMATI. THE FIRST PHASE OF THE PROJECT, WHICH PRESENTS A SELECTION OF BRASS INSTRUMENTS, WAS COMPLETED IN JUNE 2017; THE THIRD AND FINAL PHASE IS SCHEDULED TO OPEN IN SPRING 2019. IN FISCAL YEAR 2018, WE ALSO MADE SIGNIFICANT PROGRESS IN A MULTIYEAR PROJECT TO RENOVATE TEN GALLERIES DEVOTED TO BRITISH DECORATIVE ARTS AND SCULPTURE OF THE EARLY SIXTEENTH THROUGH THE NINETEENTH CENTURY. THE WORK BEGAN TWO YEARS AGO, AND WHEN THE GALLERIES REOPEN IN EARLY 2020 THEY WILL PROVIDE OUR VISITORS WITH A NARRATIVE-RICH EXPERIENCE OF BRITISH DESIGN. THE MUSEUM ALSO EMBARKED ON A MOMENTOUS PROJECT TO IMPROVE THE WAY VISITORS EXPERIENCE ITS COLLECTION OF EUROPEAN PAINTINGS FROM 1250 TO 1800 BY REPLACING AND UPDATING THE GALLERIES' SKYLIGHTS, WHICH WERE CONSTRUCTED IN 1939. THE PROJECT BEGAN IN APRIL AND WILL BE COMPLETED IN PHASES OVER FOUR AND A HALF YEARS. TO ENSURE THAT IMPORTANT MASTERPIECES REMAIN ON VIEW DURING THIS TIME, MANY WORKS HAVE BEEN MOVED TO OTHER GALLERIES. THE METROPOLITAN MUSEUM OF ART IS A REMARKABLE COMMUNITY WHOSE PRESENCE IN THE WORLD IS WELCOMING TO ALL AND A POWERFUL CIVILIZING FORCE, CHAMPIONING THE HIGHEST ACHIEVEMENTS IN ART FROM ALL CULTURES. AS WE APPROACH OUR 150TH ANNIVERSARY, WE LOOK FORWARD TO CONTINUING TO EXTEND TO OUR GLOBAL AUDIENCE UNPARALLELED OPPORTUNITIES TO CONNECT WITH OVER 5,000 YEARS OF BEAUTY, CREATIVITY, AND ARTISTIC ACHIEVEMENT. 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, HAVE A BUSINESS RELATIONSHIP. BOTH WERE OFFICERS OF THE BLACKSTONE GROUP DURING FY18. 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 PRESIDENT AND THE DIRECTOR). 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 2,032,398 UNREALIZED GAINS AND LOSSES ON 2015 BOND PROCEEDS 11,688,437 NET RECLASSIFICATIONS, FEES, AND OTHER 1,900,172 PENSION - RELATED CHANGES OTHER THAN NPPC 33,122,839 CHANGE IN FAIR VALUE OF INTEREST RATE EXCHANGE AGREEMENTS 7,283,114 PARTNERSHIP UBIT 12,266,952 ---------- TOTAL 68,293,912 CHARITABLE TRUSTS (13) TRUST NA TRUST false false false false false false false false false false false false false false false false false false false false