2018-11-15T11:28:45-06:00 2017-12-31 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2017-01-01 043157815 PEABODY ESSEX MUSEUM INC PEAB 9787459500 EAST INDIA SQUARE SALEM MA 019703783 NATHALIE APCHIN CHIEF FINANCIAL OFFICER 9787459500 2018-11-13 1 CRAIG KLEIN P00734640 6177610600 2018-11-13 207.172.72.163 2018-11-13 14:35:08 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6EBF32EC077803D5773B28E578504B4367373832 2017 2019-02-21 02:37:17Z DAN L MONROE EAST INDIA SQUARE SALEM MA 019703783 196168728 0 X WWW.PEM.ORG X 1992 MA THE MISSION OF THE PEABODY ESSEX MUSEUM IS TO CELEBRATE OUTSTANDING ARTISTIC AND CULTURAL CREATIVITY BY COLLECTING, STEWARDING AND INTERPRETING OBJECTS OF ART AND CULTURE IN WAYS THAT INCREASE KNOWLEDGE, ENRICH THE SPIRIT, ENGAGE THE MIND AND STIMULATE THE SENSES. THROUGH ITS EXHIBITIONS, PROGRAMS, PUBLICATIONS, MEDIA AND RELATED ACTIVITIES, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD. 26 26 300 220 218210 0 28233206 19293501 2646565 2647380 6081058 51550199 1195424 1059262 38156253 74550342 0 0 0 0 13398298 14008655 0 0 3138277 23051169 22763510 36449467 36772165 1706786 37778177 708477893 755412291 86910125 88739923 621567768 666672368 X THE MISSION OF THE PEABODY ESSEX MUSEUM IS TO CELEBRATE OUTSTANDING ARTISTIC AND CULTURAL CREATIVITY BY COLLECTING, STEWARDING AND INTERPRETING OBJECTS OF ART AND CULTURE IN WAYS THAT INCREASE KNOWLEDGE, ENRICH THE SPIRIT, ENGAGE THE MIND AND STIMULATE THE SENSES. THROUGH ITS EXHIBITIONS, PROGRAMS, PUBLICATIONS, MEDIA AND RELATED ACTIVITIES, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD. 0 0 9360439 2280096 EXHIBITIONS AND PUBLICATIONS: SEE SCHEDULE O. 6158508 8502 CURATORIAL AND COLLECTIONS: SEE SCHEDULE O. 3003838 215595 EDUCATION: SEE SCHEDULE O. 253797 0 2017 ACQUISITIONS: 1,714 WORKS OF ART AND CULTURE THROUGH PURCHASE, GIFT, AND BEQUEST FOR MOST OF THE MUSEUM'S MAJOR COLLECTING AREAS, INCLUDING: - JOHN BURBIDGE, LES PETITES DAMES DE MODE, MIXED MEDIA FASHION INSTALLATION; 1970S-2010S - YOAN CAPOTE, IMMANENCE, MIXED MEDIA, 2015 - OCEANIC ARTIST, TUMBUAN FULL-BODY MASK, PAPUA NEW GUINEA - YOUNG SOOK PARK, MOON JAR, PORCELAIN, 2003 - JOHN SINGER SARGENT, PORTRAIT OF CAROLINE D. PHILLIPS, CHARCOAL, 1911 - THOMAS SEYMOUR, SOFA TABLE, CA. 1812-20 - EDMUND C. TARBELL, YOUNG EDMUND AND HIS PONY, OIL, 1930 - ABRAHAM WATSON, CHEST OF DRAWERS, 1760-80 - 25 CERAMICS BY MULTIPLE CONTEMPORARY JAPANESE ARTISTS, 2007-2016 - 237 PHOTOGRAPHS BY AMERICAN, NATIVE AMERICAN, EUROPEAN, AND ASIAN ARTISTS, 1930S-2010S - ANDOVER NEWTON THEOLOGICAL SEMINARY COLLECTION OF 1069 NATIVE AMERICAN, OCEANIC, ASIAN AND AMERICAN WORKS, PRIMARILY LATE 18TH AND 19TH CENTURIES - 420 IMPORTANT RARE BOOKS, MANUSCRIPTS, AND OTHER PRINTED MATERIALS FOR THE PHILLIPS LIBRARY. 1662620 0 MEMBERSHIP & GUEST SERVICES 3269925 0 PUBLIC INFORMATION & CREATIVE SERVICES 990075 0 MEDIA SERVICES 1144881 864663 ENTERPRISES 2371410 EXPANSION PROJECT 9692708 864663 28215493 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 X 174 0 1 300 1 1 1 1 VI CJ GK EI 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X NATHALIE APCHIN 9787459500 PEABODY ESSEX MUSEUM EAST INDIA SALEM MA 019703783 TINA AMBANI TRUSTEE 1.00 X 0 0 0 JEFFREY BEALE TRUSTEE 1.00 X 0 0 0 SAMUEL BYRNE CO-CHAIRMAN 3.00 X X 0 0 0 C RICHARD CARLSON TREASURER 2.00 X X 0 0 0 ALFRED CHANDLER III TRUSTEE 1.00 X 0 0 0 MARTHA CHAYET TRUSTEE 1.00 X 0 0 0 ANA B COLMENERO TRUSTEE 1.00 X 0 0 0 CARTER HARRISON TRUSTEE 1.00 X 0 0 0 JAMES HAWKES VICE PRESIDENT 2.00 X X 0 0 0 SEAN HEALEY CO-CHAIRMAN 3.00 X X 0 0 0 ANDREW HEISKELL TRUSTEE 1.00 X 0 0 0 CARLA HERWITZ TRUSTEE 1.00 X 0 0 0 PATRICIA FAE HO TRUSTEE 1.00 X 0 0 0 TIMOTHY INGRAHAM VICE PRESIDENT 2.00 X X 0 0 0 JANE PAPPALARDO TRUSTEE 1.00 X 0 0 0 STUART PRATT VICE PRESIDENT 2.00 X X 0 0 0 JEFFREY RAYPORT TRUSTEE 1.00 X 0 0 0 MOLLY RYAN TRUSTEE 1.00 X 0 0 0 C FRANKLIN SAYRE SECRETARY 2.00 X X 0 0 0 AUSTEN SHAPARD TRUSTEE 1.00 X 0 0 0 ROBERT SHAPIRO PRESIDENT 3.00 X X 0 0 0 GAIL VON METZSCH TRUSTEE 1.00 X 0 0 0 ROSITA K WORL TRUSTEE 1.00 X 0 0 0 ELIZABETH DE MONTRICHARD TRUSTEE 1.00 X 0 0 0 SUNITA PEREIRA MD TRUSTEE 1.00 X 0 0 0 JURRIEN TIMMER TRUSTEE 1.00 X 0 0 0 SAMIR DESAI TRUSTEE (UNTIL 5/17) 1.00 X 0 0 0 D THOMAS HEALY JR VICE PRESIDENT (UNTIL 9/17) 1.00 X X 0 0 0 DAN MONROE EXECUTIVE DIRECTOR 40.00 X 694906 0 54464 LYNDA ROSCOE HARTIGAN DEPUTY DIRECTOR 40.00 X 386366 0 55139 NATHALIE G APCHIN CFO 40.00 X 275787 0 39241 AMANDA CLARK MACMULLAN CHIEF PHILANTHROPY OFFICER 40.00 X 366538 0 34889 HOWARD J FINNEY CHIEF MARKETING OFFICER 40.00 X 284320 0 64580 ROBERT MONK DIRECTOR OF FACILITIES & SECURITY 40.00 X 204765 0 45395 REBECCA A EHRHARDT DIRECTOR OF INDIVIDUAL GIVING 40.00 X 166418 0 35212 KATHERINE H FREDRICKSON CHIEF OF CURATORIAL AFFAIRS 40.00 X 158554 0 41076 2537654 0 369996 27 0 1 0 ENNEAD ARCHITECTS LLP 320 WEST 13TH STREET NEW YORK NY 10014 ARCHITECTURAL SERVICES 1960563 SCHWARTZSILVER ARCHITECTS INC 75 KNEELAND STREET BOSTON MA 02111 ARCHITECTURAL SERVICES 832044 NEPC LLC ONE MAIN STREET CAMBRIDGE MA 02142 INVESTMENT SERVICES 315000 HALEY & ALDRICH PO BOX 843044 BOSTON MA 02284 ENVIRONMENTAL SERVICES 201348 FIAM LLC 24671 NETWORK PLACE CHICAGO IL 60673 INVESTMENT SERVICES 142715 9 997318 416413 187253 17692517 1291140 19293501 ADMISSIONS 900099 1862659 1862659 TRAVELING EXHIBITIONS 900099 356319 356319 EDUCATION PROGRAM REV. 900099 215595 215595 FUNCTIONS 900099 143187 143187 OTHER PROGRAM REVENUE 900099 69620 69620 2647380 378834 201345 177489 17069 17069 47050 29850 17200 17200 -8866 26066 171650737 120479372 51171365 51171365 51171365 149587 416413 262841 -113254 -113254 1480697 846323 634374 608643 25731 MISC INVESTMENT INCOME 900099 391040 391040 112833 112833 503873 74550342 3368856 218210 51669775 1505903 616199 470867 418837 10118646 7574573 1090076 1453997 834173 624442 89865 119866 643737 481886 69349 92502 906196 678357 97624 130215 22763 22763 106625 106625 2282589 1574035 529225 179329 661239 661239 797527 336585 372012 88930 4570628 3528616 937811 104201 387726 214490 37642 135594 798473 786409 12064 5031677 3858537 1055826 117314 389696 102001 287695 EXHIBITIONS 3977612 3977612 EXPANSION PROJECT EXP. 2371410 2371410 HOSPITALITY 492608 161241 43888 287479 COLLECTION ACQUISITIONS 253797 253797 619140 414064 195063 10013 36772165 28215493 5418395 3138277 26698 10347 59570993 53917341 2625659 2197443 291372 268099 1195000 1195000 658873 550675 206183 160672 237012330 78013838 125569728 158998492 62284103 92891491 401379021 411832857 54670263 33389874 708477893 755412291 3450540 6446517 75934 82784 79793583 78838821 2338344 2133532 1251724 1238269 86910125 88739923 X 131875543 146275642 170189999 199736179 319502226 320660547 621567768 666672368 708477893 755412291 X 37778177 6639817 686606 X 0 1 X 1 1 1 X 35881722 28104417 140249860 28233206 19293501 251762706 35881722 28104417 140249860 28233206 19293501 251762706 207723872 44038834 2983129 4446024 3148257 2365720 601597 13544727 13860 607 193484 207951 32680 87620 89190 152752 149588 511830 266027214 19073715 0.16550 0.20660 X PURSUANT TO TREASURY REGULATION 1.170A-9(F)(3), THE ORGANIZATION SHOULD BE CONSIDERED A PUBLICLY SUPPORTED ORGANIZATION BECAUSE IT MEETS THE FACTS AND CIRCUMSTANCES TEST AS OUTLINE BELOW.TEN-PERCENT-OF-SUPPORT REQUIREMENT. PEABODY ESSEX MUSEUM (SOMETIMES REFERRED TO AS "PEM") SATISFIES THIS REQUIREMENT BECAUSE THE PERCENTAGE OF SUPPORT RECEIVED FROM GOVERNMENTAL UNITS, FROM CONTRIBUTIONS MADE DIRECTLY OR INDIRECTLY BY THE GENERAL PUBLIC, OR FROM A COMBINATION OF THESE SOURCES EXCEEDS 10% OF TOTAL SUPPORT. ATTRACTION OF PUBLIC SUPPORT REQUIREMENT. THE PEABODY ESSEX MUSEUM IS AND HAS ALWAYS BEEN ORGANIZED AND OPERATED IN A MANNER TO ATTRACT NEW AND BROAD-BASED PUBLIC AND GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS. A STAFF OF EIGHTEEN DEVELOPMENT PROFESSIONALS IS RESPONSIBLE FOR CONDUCTING EXTENSIVE AND VARIED FORMS OF FUNDRAISING DESIGNED TO ATTRACT SUPPORT FROM THE GENERAL PUBLIC, GOVERNMENTAL ENTITIES, CORPORATIONS AND FOUNDATIONS. THE ACTIVITIES CONDUCTED INCLUDE SOLICITATIONS COMMUNICATED THROUGH VARIOUS MEANS EMAIL, MAIL, PHONE AND IN-PERSON. FUNDRAISING EVENTS ARE CONDUCTED TO GENERATE ANNUAL SUPPORT AS WELL AS TO FOSTER RELATIONSHIPS THAT LEAD TO FUTURE GIVING. THE INSTITUTIONAL GIVING STAFF IS RESPONSIBLE FOR SEEKING SUPPORT FOR THE MUSEUM'S MAJOR PROGRAMMATIC EFFORTS BY PRODUCING GRANT PROPOSALS DIRECTED TO BOTH GOVERNMENTAL AND NON-GOVERNMENTAL ENTITIES. ACROSS ALL OF THESE FUNDRAISING AREAS, MORE THAN 28,000 PROSPECTS AND EXISTING DONORS WERE SOLICITED FOR SUPPORT DURING 2017, RESULTING IN 11,660 GIFTS COMING FROM 9,762 DIFFERENT DONORS. OTHER PUBLIC SUPPORT FACTORS 1. PERCENTAGE OF FINANCIAL SUPPORT FACTOR. THE MUSEUM'S PUBLIC SUPPORT PERCENTAGE FOR 2017 IS 16.55%, WHICH IS ABOVE THE 10% TEST THRESHOLD. AS THE MUSEUM IS CURRENTLY IN THE MIDST OF A MAJOR CAPITAL CAMPAIGN, INDIVIDUAL SOLICITATIONS AND GIFTS TEND TO BE LARGER THAN WOULD BE EXPECTED DURING A NON-CAMPAIGN PERIOD WITH THE RESULTING IMPACT OF LOWERING THE PUBLIC SUPPORT PERCENTAGE. 2. SOURCES OF SUPPORT FACTOR. THE COLLECTIONS OF THE PEABODY ESSEX MUSEUM HAVE BEEN PUBLICLY ACCESSIBLE FOR 218 YEARS, WHICH RANKS IT AMONG THE FIRST AMERICAN MUSEUMS TO HAVE SUCH A PUBLIC MANDATE. THE PEABODY ESSEX MUSEUM TRACES ITS ORIGINS TO 1799 WHEN A GROUP OF SALEM-BASED, INTERNATIONAL, SEA-GOING BUSINESS LEADERS WERE AMONG THE FIRST AMERICANS TO DEVELOP TRADING RELATIONSHIPS WITH COUNTRIES IN ASIA, AFRICA, OCEANIA AND BEYOND. THESE EARLY AMERICAN ENTREPRENEURS BROUGHT BACK MAGNIFICENT ART AND ARTIFACTS FROM THE CULTURES THEY ENCOUNTERED AND WERE EAGER TO SHARE WHAT THEY HAD DISCOVERED WITH THE LARGER PUBLIC. ALTHOUGH MORE THAN 200 YEARS HAVE PASSED, THE MUSEUM'S COMMITMENT TO SERVING THE INTERESTS OF THE GENERAL PUBLIC IS AS STRONG AS EVER. THE MUSEUM'S COLLECTIONS ARE AMONG THE FINEST OF THEIR KIND AND ENCOMPASS AN UNRIVALED SPECTRUM OF CULTURES AND GENRES, INCLUDING AMERICAN ART AND ARCHITECTURE, AMERICAN DECORATIVE ART, MARITIME ART, NATIVE AMERICAN ART, ASIAN ART AND ARCHITECTURE, ASIAN EXPORT ART, AFRICAN ART, OCEANIC ART, PHOTOGRAPHY AND CONTEMPORARY ART. IN ADDITION, THE MUSEUM OPERATES THE PHILLIPS LIBRARY, ONE OF THE NATION'S MOST IMPORTANT MUSEUM-BASED COLLECTIONS OF RARE BOOKS AND MANUSCRIPTS. THE BREADTH OF THE MUSEUM'S COLLECTIONS AND OFFERINGS IS UNQUESTIONABLY VARIED, SO THAT IT IS CAPABLE OF APPEALING TO A WIDE VARIETY OF INTERESTS, WHICH IN TURN HELPS TO BUILD ATTENDANCE, COMMUNITY PARTICIPATION, COMMITMENT AND PHILANTHROPIC SUPPORT. IN RECENT YEARS, THE MUSEUM HAS CONTINUED TO EXPAND ITS FIELDS OF INTEREST; FOR EXAMPLE, CONTEMPORARY ART WAS ADDED AS A NEW CURATORIAL DEPARTMENT IN 2009, AND AMERICAN ART WAS ADDED AS A NEW CURATORIAL DEPARTMENT IN 2013. CONTEMPORARY ART, IN PARTICULAR, IS ONE AVENUE FOR ENGAGING YOUNGER PEOPLE, THEREBY HELPING TO DEVELOP THE NEXT GENERATION OF INSTITUTIONAL LEADERS AND SUPPORTERS. BY EXPANDING THE PROGRAMMATIC SCOPE, THE MUSEUM HAS DEMONSTRATED ITS COMMITMENT TO PROVIDING OPPORTUNITIES FOR CONNECTING WITH A LARGER NUMBER OF PEOPLE, RATHER THAN LIMITING ITS APPEAL TO A FEW. AS NOTED PREVIOUSLY, THE MUSEUM RECEIVED SUPPORT FROM APPROXIMATELY 9,762 DIFFERENT DONORS DURING 2017. 3. REPRESENTATIVE GOVERNING BODY FACTOR. DURING 2017, 26 INDIVIDUALS SERVED ON PEM'S BOARD OF TRUSTEES. ALL OF THE TRUSTEES ARE INDEPENDENT VOTING MEMBERS AND REPRESENT A BROAD CROSS-SECTION OF VIEWS AND INTERESTS. THEY ARE A DIVERSE GROUP WHO REPRESENT A VARIETY OF CULTURAL AND OCCUPATIONAL BACKGROUNDS. AMONG THE MUSEUM'S TRUSTEES ARE REPRESENTATIVES OF INDIAN, EUROPEAN, AND NATIVE AMERICAN COMMUNITIES AND LEADERS IN THE EDUCATIONAL, FINANCIAL, AND REAL ESTATE SECTORS. VARIOUS AREAS OF TECHNICAL EXPERTISE ARE ALSO REPRESENTED BY NUMEROUS BOARD MEMBERS, INCLUDING SPECIALIZED KNOWLEDGE OF BUSINESS, JOURNALISM, LAW, INVESTING, LAND PROTECTION AND PRESERVATION. PEM'S TRUSTEES ALSO BOAST A VARIETY OF INTERESTS THAT INCLUDE ART COLLECTION, CONSERVATION, WOMEN'S RIGHTS, CHILDREN'S EDUCATION AND YOUTH SERVICES, ARCHAEOLOGY, HEALTHCARE, AND TECHNOLOGY.4. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES FACTOR. DURING 2017, THE PEABODY ESSEX MUSEUM REPORTED MORE THAN 263,000 ON-SITE VISITORS, COMING FROM BOTH THE LOCAL COMMUNITY AND FROM AROUND THE WORLD. THE MAIN MUSEUM GALLERIES ARE OPEN TO THE PUBLIC SIX DAYS PER WEEK, WHICH REPRESENTS ALMOST 2,200 HOURS ANNUALLY DURING WHICH THE PUBLIC HAS ACCESS TO THE VARIOUS COLLECTIONS AND PROGRAMS THAT ARE OFFERED. TO ENCOURAGE ENGAGEMENT WITH THE LOCAL COMMUNITY AND WITH STUDENTS, ADMISSION IS FREE FOR RESIDENTS OF SALEM, MASSACHUSETTS AND FOR YOUTH UNDER THE AGE OF SEVENTEEN. THE MUSEUM'S CAMPUS ALSO INCLUDES NUMEROUS PARKS AND GARDENS, AND 24 HISTORIC PROPERTIES, INCLUDING YIN YU TANG, THE ONLY EXAMPLE OF CHINESE DOMESTIC ARCHITECTURE ON DISPLAY IN THE UNITED STATES. PEM'S PHILLIPS LIBRARY, WHICH IS ONE OF THE OLDEST AND LARGEST RESEARCH LIBRARIES IN NEW ENGLAND, IS ALSO AVAILABLE TO THE GENERAL PUBLIC, SCHOLARS AND RESEARCHERS. ACROSS THE CAMPUS, THERE IS 123,000 SQUARE FEET OF PUBLIC EXHIBITION SPACE FOR USE IN DISPLAYING AND INTERPRETING THE MUSEUM'S VAST COLLECTIONS AND FOR PRESENTING CHANGING EXHIBITIONS, OF WHICH THERE WERE FIVE OPENED DURING 2017. ANNUALLY, THE MUSEUM'S DEPARTMENT OF EDUCATION AND INTERPRETATION CONDUCTS HUNDREDS OF PROGRAMS DESIGNED TO ADVANCE ARTS LEARNING AND APPRECIATION. ALTHOUGH THESE PROGRAMS ARE DELIVERED IN MANY SPACES THROUGHOUT THE CAMPUS, THE MUSEUM HAS DEDICATED 13,000 SQUARE FEET SPECIFICALLY FOR THESE PURPOSES. THE WIDE ARRAY OF PROGRAMS OFFERED IS DESIGNED TO ATTRACT AND ENGAGE VISITORS OF ALL AGES WITH DIVERSE BACKGROUNDS, KNOWLEDGE, INTERESTS, PREFERENCES AND NEEDS. IN AN EFFORT TO ENSURE THAT A BROAD AUDIENCE IS SERVED, THE MUSEUM FOCUSES ON SEVERAL BROAD AUDIENCE CATEGORIES: K-12 STUDENTS, TEACHERS, FAMILIES AND ADULTS FROM COLLEGE AGE THROUGH SENIOR CITIZENS. X X X X 1 426825014 1086325 54696203 17309762 465297780 405822119 2242231 34187978 15427314 426825014 326016290 93189199 663588 14046958 405822119 312709089 8874768 16611262 12178829 326016290 282276924 10233028 30098301 9899164 312709089 0.02740 0.68530 0.28730 0 0 2004419 2004419 148776038 63310301 85465737 228638 205776 22862 13843856 12936389 907467 72159379 1561372 70598007 158998492 DOMESTIC EQUITIES & FUNDS 67261712 F INTERNATIONAL EQUITIES & FUNDS 110176624 F PRIVATE COMPANY EQUITY 21661513 F FIXED INCOME & FUNDS 35498949 F ABSOLUTE RETURN HEDGE FUNDS 99038945 F REAL ESTATE LIMITED PARTERSHIPS 12505028 F PRIVATE EQUITY 56773468 F REAL ASSET COMMINGLED TRUST 8916618 C 411832857 OBLIGATION UNDER SPLIT-INTEREST AGREEMENTS 1060726 OBLIGATION UNDER LEASE 93715 ENVIRONMENTAL REMEDIATION LIABILITY 83828 1238269 X 83107653 6639817 91874 1825620 8557311 74550342 0 74550342 38003053 91874 1139014 1230888 36772165 0 36772165 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. COLLECTION ITEMS PURCHASED ARE FUNDED BY PURPOSE-RESTRICTED GIFTS OR FROM NET APPRECIATION ON ACQUISITION ENDOWMENTS. PART III, LINE 4: THE PEABODY ESSEX MUSEUM (THE MUSEUM) PRESENTS ART AND CULTURE FROM NEW ENGLAND AND AROUND THE WORLD. THE MUSEUM'S COLLECTIONS ARE AMONG THE FINEST OF THEIR KIND, SHOWCASING AN UNRIVALED SPECTRUM OF AMERICAN ART AND ARCHITECTURE (INCLUDING FOUR NATIONAL HISTORIC LANDMARK BUILDINGS) AND OUTSTANDING ASIAN, ASIAN EXPORT, NATIVE AMERICAN, AFRICAN, OCEANIC, MARITIME, CONTEMPORARY AND PHOTOGRAPHY COLLECTIONS. IN ADDITION TO ITS VAST COLLECTIONS, THE MUSEUM OFFERS A VIBRANT SCHEDULE OF CHANGING EXHIBITIONS AND A HANDS-ON EDUCATION CENTER. THE MUSEUM CAMPUS FEATURES PARKS, PERIOD GARDENS, AND 24 HISTORIC PROPERTIES, INCLUDING YIN YU TANG, A 200-YEAR-OLD HOUSE THAT IS THE ONLY COMPLETE EXAMPLE OF CHINESE DOMESTIC ARCHITECTURE ON DISPLAY IN THE UNITED STATES. PART V, LINE 4: TO PROVIDE BOTH GENERAL AND SPECIFIC SUPPORT FOR MUSEUM OPERATIONS. PART X, LINE 2: THE MUSEUM ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE MUSEUM HAS IDENTIFIED ITS STATUS AS A PUBLICLY SUPPORTED TAX EXEMPT ENTITY AND ITS CLASSIFICATION OF REVENUES AS RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT POSITIONS AND HAS DETERMINED THAT SUCH POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE MUSEUM'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE THREE YEARS AFTER THE DATE OF FILING OF THE RELATED RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: BUILDING RENTAL EXPENSES 29,850. SPECIAL EVENT EXPENSES 262,841. CHANGE IN VALUE OF FUNDS HELD BY OTHERS 686,606. COST OF GOODS SOLD 846,323. PART XII, LINE 2D - OTHER ADJUSTMENTS: BUILDING RENTAL EXPENSES 29,850. SPECIAL EVENT EXPENSES 262,841. COST OF GOODS SOLD 846,323. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 130397779 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 3939254 0 0 0 0 0 0 134337033 0 134337033 1 0 1 1 1 0 ANNUAL GALA 566000 416413 149587 59900 32656 75573 23800 70912 566000 416413 149587 59900 32656 75573 23800 70912 262841 -113254 X X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 DAN MONROE EXECUTIVE DIRECTOR 643284 0 0 0 51622 0 36450 0 18014 0 749370 0 0 0 LYNDA ROSCOE HARTIGAN DEPUTY DIRECTOR 386366 0 0 0 0 0 36450 0 18689 0 441505 0 0 0 NATHALIE G APCHIN CFO 275787 0 0 0 0 0 13044 0 26197 0 315028 0 0 0 AMANDA CLARK MACMULLAN CHIEF PHILANTHROPY OFFICER 366538 0 0 0 0 0 16200 0 18689 0 401427 0 0 0 HOWARD J FINNEY CHIEF MARKETING OFFICER 284320 0 0 0 0 0 36450 0 28130 0 348900 0 0 0 ROBERT MONK DIRECTOR OF FACILITIES & SECURITY 204765 0 0 0 0 0 28556 0 16839 0 250160 0 0 0 REBECCA A EHRHARDT DIRECTOR OF INDIVIDUAL GIVING 166418 0 0 0 0 0 10576 0 24636 0 201630 0 0 0 KATHERINE H FREDRICKSON CHIEF OF CURATORIAL AFFAIRS 158554 0 0 0 0 0 10346 0 30730 0 199630 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS NOT AUTHORIZED, WITH NOTED EXCEPTIONS THAT INCLUDE CERTAIN ROUTES AND AIR TRAVEL WHEN BUSINESS CLASS WOULD HAVE BEEN THE CHOICE BUT THE AIRLINE ONLY OFFERED ECONOMY AND FIRST CLASS. EXECUTIVE DIRECTOR TRAVEL IS REVIEWED BY AN OFFICER OF THE BOARD, AND SOMETIMES INCLUDES SPOUSAL TRAVEL FOR THE EXECUTIVE DIRECTOR'S WIFE. ALL AMOUNTS FOR SPOUSAL TRAVEL ARE REFLECTED AS TAXABLE COMPENSATION TO THE EXECUTIVE DIRECTOR. A TAX GROSS-UP PAYMENT (ALSO INCLUDED IN TAXABLE COMPENSATION) IS MADE AT THE END OF THE YEAR. PART I, LINE 7 AN INDIVIDUAL REPORTED ON 990, PART VII RECEIVED A DISCRETIONARY BONUS THAT WAS APPROVED BY MANAGEMENT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2012-11-08 29160000 REFUND 2002 ISSUE 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-04-27 55000000 FINANCE EXPANSION CONSTRUCTION 0 0 0 A 29160000 190379 28969621 2003 1 0 1 1 B 55000000 3154861 361500 26400246 25083393 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 1 A 1 B 1 DAN MONROE EXECUTIVE DIRECTOR OF THE ORGANIZATION MORTGAGE LOAN X 1195000 1195000 0 1 1 1195000 X 69 COLL. OBJ. NOT VALUED X COLL. OBJ. NOT VALUED X 20 1291140 AVG. HIGH/LOW ON VALUE 32 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE: EXHIBITIONS AND PUBLICATIONS: DUE IN LARGE PART TO ITS MANY POPULAR EXHIBITIONS, THE MUSEUM CONCLUDED ANOTHER SUCCESSFUL YEAR, PRESENTING EXCELLENT AND DYNAMIC EXAMPLES OF ART AND CULTURE TO 263,000 ON-SITE VISITORS IN 2017. MORE THAN 13% OF GENERAL ADMISSION VISITORS ALSO VISITED YIN YU TANG, THE ONLY COMPLETE QING DYNASTY HOUSE OUTSIDE OF CHINA AND A MODEL IN INTERNATIONAL HISTORIC PRESERVATION. THE MUSEUM'S 2017 EXHIBITION PROGRAM FEATURED MANY STYLES AND SOURCES OF ART AND CULTURE IN FIVE NEW SPECIAL EXHIBITIONS AT PEM, ONE EXHIBITION PRESENTED AT OTHER VENUES, AND SEVEN SHOWS THAT CONTINUED FROM PRIOR YEARS, INCLUDING: NEW AT PEM - WOW: THE WORLD OF WEARABLE ART (FEBRUARY 18, 2017 TO JUNE 11, 2017): WOW DRAWS FROM AN INTERNATIONAL DESIGN COMPETITION THAT CELEBRATES THE INTERSECTION OF FASHION AND ART. - OCEAN LINERS: GLAMOUR, SPEED, AND STYLE (MAY 20, 2017 TO OCTOBER 9, 2017): THIS IS THE FIRST EXHIBITION TO FULLY ASSESS THE CULTURAL IMPACT OF THE OCEAN LINER IN SHAPING APPROACHES TO ARCHITECTURE, ART, AND DESIGN THROUGHOUT THE TWENTIETH CENTURY. - "IT'S ALIVE!" CLASSIC HORROR AND SCI-FI ART FROM THE KIRK HAMMETT COLLECTION (AUGUST 12, 2017 TO NOVEMBER 26, 2017): THIS SHOW PRESENTS AN INTERNATIONAL SELECTION OF THE GREATEST HORROR AND SCI-FI FILM POSTERS FROM THE COLLECTION OF KIRK HAMMETT, LEAD GUITARIST FOR THE HEAVY METAL BAND METALLICA. - XYZT: A JOURNEY IN 4 DIMENSIONS (OCTOBER 14, 2017 TO APRIL 22, 2018): CREATED AND DESIGNED BY FRENCH ARTISTS/PERFORMERS/COMPUTER SCIENTISTS ADRIEN MONDOT AND CLAIRE BARDAINNE, XYZT IS A TRAVELLING INTERACTIVE ART EXHIBITION THAT BRINGS TOGETHER GEOMETRIC AND ORGANIC ELEMENTS TO CREATE AN ENCOUNTER THE ARTISTS DESCRIBE AS "A JOURNEY THROUGH NATURE REVISITED." - GEORGIA O'KEEFFE: ART, IMAGE, STYLE (DECEMBER 16, 2017 TO APRIL 1, 2018): GEORGIA O'KEEFFE: ART, IMAGE, STYLE IS THE FIRST EXHIBITION TO EXPLORE THE ART, IMAGE AND PERSONAL STYLE OF ONE OF AMERICA'S MOST ICONIC ARTISTS. PEM TRAVELING SHOWS - NATIVE FASHION NOW (AT PEM NOVEMBER 21, 2016-MARCH 6, 2016, AT THE PORTLAND MUSEUM OF ART JUNE 4, 2016-SEPTEMBER 5, 2016, AT THE PHILBROOK MUSEUM OF ART, OCTOBER 2, 2016-JANUARY 8, 2017, AT THE NATIONAL MUSEUM OF THE AMERICAN INDIAN, FEBRUARY 17, 2017-SEPTEMBER 4, 2017): THIS PIONEERING SHOW FOCUSES ON DESIGNERS FROM ALL PARTS OF NATIVE AMERICA WHOSE COMPELLING FASHION CELEBRATES NATIVE DESIGN, IDENTITY, AND POLITICS AND IS INCREASINGLY RECOGNIZED IN THE GLOBAL WORLD OF FASHION. CONTINUING AT PEM - SAMUEL F.B. MORSE'S GALLERY OF THE LOUVRE AND THE ART OF INVENTION (OCTOBER 6, 2016 TO JANUARY 8, 2017): MORSE'S MONUMENTAL MASTERPIECE PAINTING, GALLERY OF THE LOUVRE, (1831-33) IS PRESENTED WITH SELECTIONS FROM PEM'S PHOTOGRAPHY COLLECTION TO FOCUS ON THEMES OF CREATIVITY, COMMUNICATION, AND INVENTION IN ART AND TECHNOLOGY. ORGANIZED WITH THE TERRA FOUNDATION. - SHOES: PLEASURE AND PAIN (NOVEMBER 19, 2016 TO MARCH 12, 2017): THIS THEMATIC PRESENTATION OF 200+ PAIRS OF HISTORICAL, MODERN, AND CONTEMPORARY SHOES ADDRESSES SHOES AS POWERFUL INDICATORS OF STATUS, IDENTITY, TASTE, CREATIVITY, STYLE, AND CULTURAL VALUES. ORGANIZED BY THE VICTORIA AND ALBERT MUSEUM, LONDON. - LUNAR ATTRACTION (OCTOBER 15, 2016 TO SEPTEMBER 4, 2017): CONTEMPORARY ARTWORKS AND INTERACTIVES HIGHLIGHT OUR FASCINATION WITH THE MOON, FROM ITS PSYCHOLOGICAL EFFECTS AND METAPHORICAL CONNOTATIONS TO ITS GRAVITATIONAL AND ASPIRATIONAL PULL. - PATRICK DOUGHERTY: STICKWORKS (MAY 2015 THROUGH MAY 2017): PATRICK DOUGHERTY BENDS, WEAVES AND FLEXES SAPLINGS INTO ARCHITECTURAL SCULPTURES THAT RELATE TO THE LANDSCAPE AND PEM'S 18TH -CENTURY WOOD-FRAME CROWNINSHIELD-BENTLEY HOUSE. THIS IS PEM'S FIRST COMMISSIONED OUTDOOR SCULPTURAL INSTALLATION. - RAVEN'S MANY GIFTS: NATIVE ART OF THE NORTHWEST COAST (APRIL 5, 2014 THROUGH 2018): OBJECTS FROM PEM'S COLLECTION OF NATIVE ART FROM THE PACIFIC WEST REVEAL THE DYNAMIC RELATIONSHIPS AMONG LIVING HUMANS, ANIMALS, ANCESTORS AND SUPERNATURAL BEINGS. - DOUBLE HAPPINESS: CELEBRATION IN CHINESE ART (APRIL 5, 2014 THROUGH 2017): HIGHLIGHTS FROM THE MUSEUM'S WIDE-RANGING CHINESE COLLECTION CELEBRATE CHINA'S ARTISTIC ACHIEVEMENTS EXPRESSED IN SEASONAL FESTIVALS, RELIGIOUS CEREMONIES AND CELEBRATIONS. - FIGURING THE ABSTRACT IN INDIAN ART (APRIL 5, 2014 THROUGH 2017): THIS INSTALLATION OF 20TH-CENTURY PAINTINGS AND 15TH- TO 19TH-CENTURY SCULPTURES CONSIDERS STYLE, STRUCTURE AND COLOR, AS WELL AS THE FIGURATIVE, METAPHORICAL AND IDEALIZED AS KEY FACETS OF THE ABSTRACT. FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: CURATORIAL AND COLLECTIONS: NATIONALLY AND INTERNATIONALLY RECOGNIZED THOUGHT LEADERS IN THEIR RESPECTIVE FIELDS, THE CURATORIAL STAFF IS RESPONSIBLE FOR CONCEIVING AND ORGANIZING EXHIBITIONS AND CULTIVATING SUPPORT FOR THE MUSEUM'S PROGRAMMATIC INITIATIVES AND COLLECTION. CURATORS ACQUIRE, RESEARCH, AND INTERPRET THE MUSEUM'S COLLECTION. THE CURATORIAL STAFF ALSO PREPARES AND PUBLISHES SCHOLARLY CATALOGUES AND EDUCATIONAL TEXTS RELATED TO THE EXHIBITIONS AND THE COLLECTION. THE MUSEUM'S COLLECTION ENCOMPASSES APPROXIMATELY 1.8 MILLION WORKS REPRESENTING ART AND CULTURE GLOBALLY. SEVERAL OF THE PRINCIPAL COLLECTING AREAS BEGAN WITH THE MUSEUM'S FOUNDING IN 1799 AND ARE THE FIRST OF SUCH MATERIAL AMONG AMERICAN MUSEUMS. OTHER AREAS OF THE COLLECTION ARE THE BEST OR LARGEST AMONG AMERICAN OR INTERNATIONAL MUSEUM COLLECTIONS. THE MUSEUM CONTINUES TO COLLECT SELECTIVELY IN ALMOST ALL AREAS OF THE COLLECTION THROUGH GIFT, PURCHASE, AND BEQUEST. - THE AFRICAN COLLECTION INCLUDES EARLY WORKS FROM COASTAL EAST AND WEST AFRICA, AN IMPORTANT BODY OF ZULU OBJECTS, AND ONE OF THE WORLD'S BEST COLLECTIONS OF ETHIOPIAN CHRISTIAN ART OF SIXTEENTH-TO TWENTIETH-CENTURY ICONS AND METALWORK. - THE AMERICAN COLLECTION OF PAINTINGS, SCULPTURES, WORKS ON PAPER, DECORATIVE ART, FOLK ART, FASHION, AND COSTUMES, REPRESENTS MORE THAN 300 YEARS OF NEW ENGLAND ART AND CULTURE. THE FASHION/COSTUME COLLECTION RANKS AMONG THE NATION'S TOP TEN. - THE ASIAN EXPORT ART COLLECTION IS THE WORLD'S MOST COMPREHENSIVE COLLECTION OF DECORATIVE ART MADE IN ASIA FOR GLOBAL EXPORT. IT ENCOMPASSES PAINTINGS, FURNITURE, SILVER, PORCELAINS, WORKS ON PAPER FROM THE FIFTEENTH TO TWENTIETH CENTURIES. - THE CHINESE COLLECTION'S UNIQUE STRENGTH IS VERNACULAR ART THAT EXPLORES THE RICH TRADITIONS OF CHINESE CULTURE, AND FEATURES IMPORTANT QING DYNASTY WORKS, INCLUDING CERAMICS, TEXTILES, AND DECORATIVE ARTS. - AMERICA'S NINETEENTH- AND TWENTIETH- CENTURY JAPANESE ART COLLECTORS CREATED A MAJOR COLLECTION OF JAPANESE ART AND CULTURE. MANY WORKS ARE CONSIDERED RARE IN JAPAN, WITH LATE EDO- AND MEIJI-PERIOD EXAMPLES AMONG THE WORLD'S FINEST. - FOUNDED IN THE 1880S, THE KOREAN COLLECTION PIONEERED AMERICAN INTEREST IN KOREAN ART AND CULTURE. ITS BROAD SPECTRUM OF ART OF THE LATE JOSEON DYNASTY IS CONSIDERED THE BEST IN THE UNITED STATES. - THE MARITIME COLLECTION IS THE FINEST IN AMERICA AND IS INTERNATIONALLY RENOWNED FOR ITS APPROXIMATELY 30,000 PAINTINGS, DRAWINGS, AND PRINTS, AND 20,000 MARITIME OBJECTS FROM THE SEVENTEENTH THROUGH THE EARLY TWENTIETH CENTURIES. - THE NATIVE AMERICAN ART COLLECTION INCLUDES 20,000 WORKS FROM THE SEVENTEENTH CENTURY TO THE PRESENT, AS WELL AS 50,000 ARCHEOLOGICAL WORKS DATING BACK 10,000 YEARS. ITS GROWING STRENGTH AND FOCUS IS MODERN AND CONTEMPORARY ART. - THE OCEANIC COLLECTION IS INTERNATIONALLY RECOGNIZED FOR ITS SIZE, BREADTH, AND EARLY ORIGINS AND PROVENANCE OF ITS OBJECTS. IT INCLUDES MORE THAN 20,000 OBJECTS FROM MORE THAN THIRTY-SIX ISLAND GROUPS IN POLYNESIA, MELANESIA, AND MICRONESIA. - THE PHOTOGRAPHY COLLECTION COMPRISES THOUSANDS OF RARE AND VINTAGE IMAGES AND MODERN AND CONTEMPORARY EXAMPLES. THE COLLECTION INCLUDES THE WORLD'S FINEST GROUP OF NINETEENTH-CENTURY PHOTOGRAPHS OF ASIA. - THE SOUTH ASIAN COLLECTION EMPHASIZES MODERN AND CONTEMPORARY ART AFTER INDIA'S INDEPENDENCE IN 1947. OLDER EXAMPLES, ESPECIALLY FROM THE NINETEENTH CENTURY, INCLUDE IMPORTANT SCULPTURE, TEXTILES, CERAMICS, AND METALWORK. - THE ARCHITECTURE COLLECTION INCLUDES TWENTY-FOUR HISTORIC STRUCTURES AND A MAJOR ARCHITECTURAL FRAGMENT COLLECTION. FOUR BUILDINGS ARE DESIGNATED NATIONAL HISTORIC LANDMARKS; SIX OTHERS ARE ON THE NATIONAL REGISTER OF HISTORIC PLACES. - THE PHILLIPS LIBRARY IS ONE OF NEW ENGLAND'S MOST IMPORTANT AND HISTORIC RESEARCH LIBRARIES, HOLDING PUBLICATIONS AND ARCHIVAL MATERIALS RELATED TO REGIONAL AND GLOBAL ART AND CULTURE, AND TO THE MUSEUM'S DIVERSE COLLECTIONS. FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE: EDUCATION: THE MUSEUM'S DEPARTMENT OF EDUCATION AND INTERPRETATION DEVELOPS AND IMPLEMENTS A WIDE ARRAY OF EDUCATIONAL PROGRAMS AND CONTRIBUTES TO INTERPRETIVE DEVELOPMENT OF EXHIBITIONS. IT ALSO PREPARES AND DISTRIBUTES PRINT AND ONLINE MATERIALS TO HELP VISITORS OF ALL AGES WITH DIVERSE BACKGROUNDS, KNOWLEDGE, INTERESTS, PREFERENCES, AND NEEDS GAIN INSIGHT ABOUT THEMSELVES AND THE WORLD AROUND THEM THROUGH AN UNDERSTANDING OF INTERNATIONAL ART AND CULTURE. EACH YEAR, THE MUSEUM OFFERS HUNDREDS OF PROGRAMS TO ADVANCE ARTS LEARNING AND APPRECIATION AND TO STIMULATE CRITICAL THINKING, CROSS-CULTURAL DIALOGUE, INTELLECTUAL INQUIRY, CREATIVITY, AND CONNECTION-MAKING BETWEEN THE PAST AND PRESENT. THROUGH ITS PROGRAMMING, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD. PROGRAMS EMPLOY AGE AND AUDIENCE-APPROPRIATE PEDAGOGIES AND USE THE MUSEUM'S OUTSTANDING COLLECTIONS AND EXHIBITIONS TO ENGAGE VISITORS DIRECTLY WITH WORKS OF ART AND CULTURE. THE DEPARTMENT OF EDUCATION FOCUSES ON SEVERAL BROAD AUDIENCE AREAS: K-12 STUDENTS, TEACHERS, FAMILIES, AND ADULTS FROM COLLEGE AGE THROUGH SENIOR CITIZENS, AS WELL AS THE AWARD-WINNING ART & NATURE CENTER FOR INTERACTIVE FAMILY LEARNING, ARE ALSO MANAGED BY THIS DEPARTMENT. THE SINGLE VISIT SCHOOL PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS ENROLLED IN PUBLIC, INDEPENDENT, AND HOME SCHOOLS IN GRADES PRE K-12 AS WELL AS UNIVERSITIES AND COLLEGES. THE PROGRAM BLENDS GUIDED DOCENT-LED GALLERY TOURS WITH ENGAGING ACTIVITIES THAT INSPIRE CLOSE EXAMINATION AND REFLECTION. USING ITS COLLECTIONS, THE MUSEUM CREATES CONNECTIONS BETWEEN CLASSROOM CONTENT AND STUDENTS' DAILY LIVES AND INTRODUCES IDEAS AND TECHNIQUES THAT ENCOURAGE STUDENTS TO THINK CREATIVELY AND ANALYTICALLY, INCLUDING FACILITATING STUDENT ART-MAKING. IN 2017, 10,179 STUDENTS, TEACHERS AND CHAPERONES FROM 185 SCHOOLS PARTICIPATED IN SINGLE VISIT SCHOOL PROGRAMS. FORMAL MUSEUM-SCHOOL PARTNERSHIPS ARE MANAGED THROUGH THE CREATIVE COLLABORATIONS PROGRAM. THIS PARTNERSHIP, WHICH TARGETS TITLE I SCHOOLS AND TEACHERS IN THE NORTH SHORE REGION, PROVIDES MEANINGFUL SEQUENCED MUSEUM VISITS AND OBJECT-BASED LESSON PLANS THAT BUILD KNOWLEDGE IDENTIFIED AS CRITICAL IN THE ART, SOCIAL STUDIES, AND LANGUAGE ARTS CURRICULUM FRAMEWORKS. AS PART OF THIS PROGRAM, STUDENTS FROM PRIMARILY LOW RESOURCE SCHOOLS MAKE MULTIPLE (3-5) VISITS TO THE MUSEUM. IN 2017, 1,138 STUDENTS FROM 13 SCHOOLS PARTICIPATED IN THE CREATIVE COLLABORATIONS PROGRAM. THE ART LINK PROGRAM IS AN AFTERSCHOOL MUSEUM-BASED PARTNERSHIP PROGRAM WITH AREA YOUTH ORGANIZATIONS. PARTICIPATING STUDENTS IN GRADES K - 12 PARTICIPATE IN GALLERY AND STUDIO PROGRAMS AT THE MUSEUM, AND SOME PARTNERSHIPS RESULT IN THE MUSEUM WORKING AT THE ORGANIZATION'S SITE TO DEVELOP CREATIVE ARTS PROGRAMMING DESIGNED TO DEVELOP SELF-CONFIDENCE, SELF-EFFICACY, AND SKILLS IN CREATIVE SELF-EXPRESSION. IN 2017, 957 STUDENTS PARTICIPATED IN 94 PROGRAMS. THE MUSEUM PARTNERED WITH 8 LOCAL ORGANIZATIONS IN SALEM, LYNN, AND BEVERLY. PROGRAMS FOR FAMILIES AT THE MUSEUM ARE AIMED AT FOSTERING SHARED INTERGENERATIONAL EXPERIENCES AROUND ART BASED ON INQUIRY, DIALOGUE, AND CREATIVE ART-MAKING. THEY TAKE A VARIETY OF FORMS, FROM GALLERY-BASED FAMILY TOURS AND STORYTELLING FOR PRESCHOOLERS AND THEIR ADULT CAREGIVERS TO STUDIO ACTIVITIES AND LARGE-SCALE FESTIVALS THAT COMBINE PERFORMANCE, STORYTELLING, MOVEMENT, FILM, AND ART-MAKING. ALL PROGRAMS ARE FREE WITH MUSEUM ADMISSION, ELIMINATING ECONOMIC BARRIERS FOR UNDERSERVED FAMILIES. IN 2017, THE MUSEUM OFFERED 225 FAMILY PROGRAMS FOR A COMBINED TOTAL ATTENDANCE OF 18,841 FAMILY VISITORS. THE MUSEUM'S ART & NATURE CENTER (ANC) IS DIRECTED BY THE EDUCATION DEPARTMENT. THIS GALLERY IS A DYNAMIC, INTERACTIVE EXHIBITION SPACE SPECIFICALLY TARGETED AT MULTI-GENERATIONAL AUDIENCES AND EXPLORES THE INTERSECTION BETWEEN ART AND SCIENCE THROUGH THE WORK OF CONTEMPORARY ARTISTS. ACTIVITY STATIONS, MULTIMEDIA ELEMENTS, AND A RANGE OF PROGRAM OFFERINGS PROVIDE VISITORS WITH A VARIETY OF APPROACHES FOR INVESTIGATING THE ARTWORK AND THEMES PRESENTED. ABOUT 159,963 PEOPLE ATTENDED AND EXPERIENCED THE ANC EXHIBITIONS IN 2017. ADULTS ARE SERVED BY THE MUSEUM IN A VARIETY OF WAYS TARGETED TOWARD THEIR INTERESTS, LIFE STAGES, GROUP PARTICIPATION, AND PREFERENCES. GUIDE-LED PUBLIC AND GROUP TOUR EXPERIENCES SUPPORT THE MUSEUM'S MISSION BY LEADING PARTICIPANTS IN CONVERSATIONAL, INTERACTIVE EXPLORATIONS OF PEM'S EXHIBITIONS, COLLECTION, AND CREATIVE SPACES. GUIDES HELP AUDIENCES DELVE DEEPER INTO SPECIAL EXHIBITIONS, HISTORIC HOUSES AND GARDENS, COLLECTION HIGHLIGHTS, AND SPECIAL TOPICS, ENRICHING VISITORS' UNDERSTANDINGS OF MUSEUM OBJECTS AND THEIR LINKS TO THE WIDER WORLD. A TOTAL OF 20,964 VISITORS PARTICIPATED IN GUIDE-LED TOURS IN 2017. THE EDUCATION DEPARTMENT ALSO DEVELOPS AND IMPLEMENTS A ROBUST SCHEDULE OF UNIQUE PUBLIC PROGRAMS FOR ADULTS. IN 2017 THE MUSEUM HOSTED NEARLY 13,000 ADULTS THROUGH THESE PROGRAMS THAT RANGED FROM ARTIST DEMONSTRATIONS TO LECTURES AND SYMPOSIA, CONCERTS, FILM FESTIVALS, AND STUDIO WORKSHOPS RELATED TO THE ART AND CULTURES REPRESENTED IN THE MUSEUM'S COLLECTIONS OR EXHIBITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE CONDUCTS A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING. AFTER ANY NECESSARY REVISIONS ARE MADE, THE FINAL DRAFT IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENTS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES. ANY CONFLICTS ARE BROUGHT TO THE ATTENTION OF AN APPROPRIATE OFFICER, DIRECTOR OR SENIOR MANAGER TO DETERMINE THE APPROPRIATE COURSE OF ACTION IN RESOLVING THE CONFLICT. IF A CONFLICT IS FOUND TO EXIST, THE CONFLICTED INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN ANY DECISIONS RELATIVE TO THE SOURCE OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES IS SUBJECT TO REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S FORM 990, INCLUDING FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE IN HARD COPY OR ELECTRONICALLY UPON REQUEST. THE FORM 990 IS AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND AT WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF FUNDS HELD BY OTHERS 686,606.