2018-05-11T13:53:03-05:00 2017-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2016-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 MARK B KERWIN DEPUTY DIRECTOR & C.F.O. 6173693281 2018-05-07 1 THOMAS F MULDOON CPA P01561688 5083669100 2018-05-07 2016 2022-09-23 18:48:47Z MARK B KERWIN 465 HUNTINGTON AVENUE BOSTON MA 02115 333699414 0 X WWW.MFA.ORG X 1870 MA SEE SCHEDULE O. 39 38 1346 1277 34059 -39566 49185691 66444920 31794735 11406265 16753242 48245574 15526190 18850023 113259858 144946782 3549283 0 0 0 54107378 42707360 0 0 5459222 85292929 73996146 142949590 116703506 -29689732 28243276 1106045872 1144269940 198049672 169007639 907996200 975262301 X SEE SCHEDULE O. 0 0 18808437 2454134 EDUCATION PROGRAMS: THE MUSEUM MAINTAINS AN ONGOING SERIES OF EDUCATION PROGRAMS AND ACTIVITIES AT OUR FACILITY IN BOSTON IN ORDER TO FURTHER THE MISSION OF THE MUSEUM AND PROVIDE EDUCATIONAL OPPORTUNITIES IN ART. EDUCATION PROGRAMS COVER A WIDE SPECTRUM OF TOPICS AND INCLUDE A VARIETY OF STUDIO ART CLASSES AND WORKSHOPS FOR CHILDREN, TEENS AND ADULTS, LECTURES, FILMS, CONCERTS, A VARIETY OF OTHER COURSES, FREE DEMONSTRATIONS AND TALKS IN THE GALLERIES, FREE WORKSHOPS FOR EDUCATORS, SCHOOL GROUP TOURS, PARTNERSHIPS WITH LOCAL AREA SCHOOLS, AFTER-SCHOOL PROGRAMS AND COMMUNITY GROUPS TO ENGAGE YOUTH IN ARTS AND PROGRAMS FOR FAMILY VISITS TO THE MUSEUM. OVER 144,000 VISITORS PARTICIPATED IN THESE VARIOUS PROGRAMS. 14858702 1897463 EXHIBITIONS: WITH A COLLECTION OF NEARLY 500,000 OBJECTS, THE MUSEUM OWNS SOME OF THE MOST RARE AND IMPORTANT ARTISTIC TREASURES IN THE WORLD. SUCH A COLLECTION ENABLES THE MUSEUM TO PRESENT MANY SPECIAL EXHIBITIONS WITH A BALANCE BETWEEN SCHOLARLY PROGRAMS AND THOSE WITH BROAD PUBLIC APPEAL. DURING FISCAL YEAR 2017, THE MUSEUM PRESENTED MORE THAN 25 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: DELLA ROBBIA: SCULPTING WITH COLOR IN RENAISSANCE FLORENCE (AUG 9, 2016 - DEC 4, 2016); POLITICAL INTENT/ BEYOND LIMITS (AUG 27, 2016 - AUG 20, 2017); IMOGEN CUNNINGHAM: IN FOCUS (SEP 3, 2016 - JUNE 18, 2017); CHRISTIAN MARCLAY: THE CLOCK (SEP 17, 2016 - JAN 29, 2017); UH-OH FRANCES STARK 1995-2015 (SEP 17, 2016 - JAN 29, 2017); WILLIAM MERRITT CHASE (OCT 9, 2016 - JAN 16, 2017); WILSON/ CORTOR (NOV 5, 2016 - SEP 17, 2017); MAKE WAY FOR DUCKLINGS: THE ART OF ROBERT MCCLOSKEY (NOV 25, 2016 - JUNE 18, 2017); DARKNESS MADE VISIBLE: DEREK JARMAN AND MARK BRADFORD (MARCH 25, 2017 - JULY 30, 2017); MEMORY UNEARTHED: THE LODZ GHETTO PHOTOGRAPHS OF HENRYK ROSS (MARCH 25, 2017 - JULY 30, 2017); MATISSE IN THE STUDIO (APRIL 9, 2017 - JULY 9, 2017); BOTTICELLI AND THE SEARCH FOR THE DIVINE (APRIL 15, 2017 - JULY 9, 2017); CHINA'S 8 BROKENS: PUZZLES OF THE TREASURED PAST (JUNE 17, 2017 - OCT 29, 2017); ETC. 2459471 2533861 ENTERPRISE: THE MUSEUM'S RETAIL OPERATIONS OFFER A WIDE VARIETY OF MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS AND SPECIAL EXHIBITIONS, WHICH GREATLY CONTRIBUTES TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSE BY MAKING WORKS OF ART FAMILIAR TO A BROADER SEGMENT OF THE PUBLIC. OFFERINGS AT THE SHOP INCLUDE ART BOOKS, POSTERS, CARDS, GLASS, TEXTILES, JEWELRY AND SCULPTURE. MERCHANDISE IS FOR SALE IN THE PHYSICAL SHOPS OR THROUGH RETAIL'S WEB-BASED OUTLET.THE MUSEUM IS EXEMPT AS AN EDUCATIONAL ORGANIZATION ON THE BASIS OF ITS OWNERSHIP, MAINTENANCE, AND EXHIBITION FOR PUBLIC VIEWING OF WORKS OF ART. THE SALES OF SUCH ITEMS CONTRIBUTES TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSES BY STIMULATING AND ENHANCING PUBLIC AWARENESS, INTEREST, AND APPRECIATION OF ART. MOREOVER, A BROADER SEGMENT OF THE PUBLIC MAY BE ENCOURAGED TO VISIT THE MUSEUM ITSELF TO SHARE IN ITS EDUCATIONAL FUNCTIONS AND PROGRAMS AS A RESULT OF SEEING THE ITEMS SOLD. 40138809 0 OPERATING SUPPORT: OPERATING SUPPORT CONSISTS OF ALL OTHER AREAS OF THE MUSEUM. INCLUDING PROTECTIVE SERVICES, FACILITIES AND OTHER AREAS WHICH SUPPORT THE OPERATIONS OF THE MUSEUM AND ITS MISSION. 1257712 3818566 PARKING FACILITIES: THE MUSEUM OWNS A PARKING GARAGE AND HAS TWO OPEN-AIR PARKING LOTS. ALL OF THESE FACILITIES ARE OPEN TO MEMBERS AND VISITORS TO THE MUSEUM. THE OPERATION OF ADJACENT PARKING LOTS BY THE MUSEUM, IN AREAS OF INSUFFICIENT PARKING SPACES FOR THE USE OF ITS VISITORS, CONTRIBUTES SIGNIFICANTLY TO THE MUSEUM'S EXEMPT PURPOSE BY ENCOURAGING VISITATION AND LONGER PERIOD VIEWING OF ITS COLLECTIONS AND SPECIAL EXHIBITIONS. ANY PROFITS FROM THE FEE CHARGED FOR THE USE OF THE LOT IS PLACED IN THE GENERAL OPERATING FUND. 1164307 2451243 FOOD SERVICES: THE MUSEUM IS ORGANIZED AND OPERATED AS AN ART MUSEUM. THE EATING FACILITIES ARE OPEN TO THE MUSEUM STAFF, EMPLOYEES, AND MEMBERS OF THE PUBLIC VISITING THE MUSEUM AND ARE OF A SIZE COMMENSURATE WITH ACCOMMODATION OF THESE SPECIAL GROUPS OF PATRONS. THE FACILITIES ARE ACCESSIBLE FROM THE MUSEUM'S GALLERIES AND OTHER PUBLIC AREAS BUT NOT DIRECTLY ACCESSIBLE FROM THE STREET. THE PATRONAGE OF THE EATING FACILITIES BY THE GENERAL PUBLIC IS NOT DIRECTLY SOLICITED NOR ARE THE FACILITIES CONTEMPLATED OR DESIGNED TO SERVE AS A PUBLIC RESTAURANT BUT MERELY TO SERVE THE EXEMPT PURPOSES OF THE MUSEUM. THIS ALLOWS VISITORS TO DEVOTE MORE TIME TO THE MUSEUM'S EDUCATIONAL EXHIBITS, AND ENHANCES EFFICIENT MUSEUM OPERATION BY ENABLING STAFF TO REMAIN ON-SITE THROUGHOUT THE DAY. THE OPERATING OF THE EATING FACILITIES WITHIN THE MUSEUM PREMISES HELPS TO ATTRACT VISITORS TO THE MUSEUM EXHIBITS. AS THERE ARE PLACES OF REFRESHMENT IN THE MUSEUM, VISITORS ARE ABLE TO SPEND A GREATER PORTION OF THEIR TIME AND ATTENTION TO THE MUSEUM'S COLLECTION, EXHIBITS AND OTHER EDUCATIONAL FACILITIES. THE MUSEUM CREATES AN EDUCATION PROGRAM FOR ITS PARTICIPANTS, FOCUSING ON AN EXHIBIT, LECTURE OR TOUR FOR PRIVATE AND CORPORATE FUNCTIONS. 3741333 7054668 MEMBERSHIP & VISITORS: OVER 1,192,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2017. THE MUSEUM HAS AN ADMISSION CHARGE; HOWEVER, DURING THE FISCAL YEAR 2017, THERE WERE TEN COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE WAIVED, AND THE MUSEUM HAS FREE ADMISSION "PAY AS YOU WISH" PERIODS EACH WEDNESDAY EVENING. THE MUSEUM HAS APPROXIMATELY 67,000 ACTIVE MEMBER HOUSEHOLDS. THERE ARE 8 LEVELS OF ANNUAL MEMBERSHIP WITH FEES RANGING FROM $75 TO $3,000. EACH CATEGORY OFFERS A WIDE VARIETY OF PRIVILEGES, SUCH AS FREE ADMISSION, PUBLICATIONS, RECIPROCAL MEMBER BENEFITS AT OTHER MAJOR ART MUSEUMS AROUND THE U.S. AND SPECIAL EVENTS. 4994356 2523530 OTHER MISCELLANEOUS PROGRAM SERVICES 51296517 15848007 87423127 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 380 10 1 1346 1 1 1 0 0 0 0 1 1 0 0 0 0 X 39 38 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X X MARK B KERWIN CPA DEPUTY DIRECTOR AND CFO 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 JILL AVERY ELECTED TRUSTEE - CHAIRMAN OVERSEERS 1.00 X X 0 0 0 EDWARD BAKER-GREEN ELECTED TRUSTEE 1.00 X 0 0 0 DEBORAH BORNHEIMER APPOINTED TRUSTEE - BOSTON ATHENAEUM 1.00 X 0 0 0 BETTINA BURR ELECTED TRUSTEE - VICE PRESIDENT 1.00 X X 0 0 0 KEVIN T CALLAGHAN ELECTED TRUSTEE - TREASURER 1.00 X X 0 0 0 MONICA CHANDRA ELECTED TRUSTEE 1.00 X 0 0 0 TOMMY CHANG APPOINTED TRUSTEE - BOSTON PUBLIC SCHOOLS 1.00 X 0 0 0 HOWARD E COX JR ELECTED TRUSTEE 1.00 X 0 0 0 PETER CREIGHTON ELECTED TRUSTEE 1.00 X 0 0 0 DAVID D CROLL ELECTED TRUSTEE - PRESIDENT 1.00 X X 0 0 0 SUSAN DONAHUE ELECTED TRUSTEE 1.00 X 0 0 0 RONALD M DRUKER ELECTED TRUSTEE 1.00 X 0 0 0 WILLIAM R ELFERS ELECTED TRUSTEE 1.00 X 0 0 0 JAMES M GLASER APPOINTED TRUSTEE - TUFTS UNIVERSITY 1.00 X 0 0 0 DAVID GOEL ELECTED TRUSTEE 1.00 X 0 0 0 ABIGAIL ROSS GOODMAN ELECTED TRUSTEE 1.00 X 0 0 0 NICHOLAS GREVILLE ELECTED TRUSTEE 1.00 X 0 0 0 TARUN KHANNA APPOINTED TRUSTEE - HARVARD UNIVERSITY 1.00 X 0 0 0 PATRICIA KRAFT ELECTED TRUSTEE 1.00 X 0 0 0 LIZBETH KRUPP ELECTED TRUSTEE 1.00 X 0 0 0 JEFFREY LEIDEN ELECTED TRUSTEE 1.00 X 0 0 0 RICHARD LUBIN ELECTED TRUSTEE 1.00 X 0 0 0 CARL J MARTIGNETTI ELECTED TRUSTEE 1.00 X 0 0 0 P ANDREWS MCLANE ELECTED TRUSTEE 1.00 X 0 0 0 ROBERT NAGLE ELECTED TRUSTEE 1.00 X 0 0 0 CAROL NOBLE ELECTED TRUSTEE 1.00 X 0 0 0 LEE PELTON ELECTED TRUSTEE 1.00 X 0 0 0 TIMOTHY PHILLIPS ELECTED TRUSTEE 1.00 X 0 0 0 SAMUEL PLIMPTON ELECTED TRUSTEE 1.00 X 0 0 0 AMY POORVU ELECTED TRUSTEE 1.00 X 0 0 0 CHRISTINE REIF APPOINTED TRUSTEE - MIT 1.00 X 0 0 0 JEFFREY RUDMAN APPOINTED TRUSTEE - BOSTON PUBLIC LIBRARY 1.00 X 0 0 0 DARLENE SALLAN APPOINTED TRUSTEE - MFA ASSOCIATES 1.00 X 0 0 0 THERESA M STONE ELECTED TRUSTEE 1.00 X 0 0 0 LISBETH TARLOW ELECTED TRUSTEE - CHAIR 1.00 X X 0 0 0 PAMELA VOSS ELECTED TRUSTEE 1.00 X 0 0 0 CAROL WALL ELECTED TRUSTEE 1.00 X 0 0 0 MARTIN J WALSH APPOINTED TRUSTEE - CITY OF BOSTON, MAYOR'S OFFICE 1.00 X 0 0 0 MATTHEW WEATHERBIE HONORARY TRUSTEE - SECRETARY 1.00 X X 0 0 0 ROBERTA WEINER ELECTED TRUSTEE 1.00 X 0 0 0 MATTHEW TEITELBAUM ANN AND GRAHAM GUND DIRECTOR 40.00 X 719682 0 42372 KATHERINE GETCHELL DEPUTY DIRECTOR & CHIEF BRAND OFFICER 40.00 X 403494 0 40613 MARK KERWIN DEPUTY DIRECTOR & CFO 40.00 X 443014 0 44790 EDWARD SAYWELL CHIEF OF EXHIBITION STRATEGY AND GALLERY DISPLAYS 40.00 X 156095 0 27893 KRISTIN V FERGUSON CHIEF, DIRECTOR'S OFFICE 40.00 X 210596 0 5658 CYNTHIA S GLOTT DIRECTOR OF PLANNING/ADMIN 40.00 X 201856 0 33932 THOMAS CATALINI SR. DIRECTOR OF INFORMATION SYSTEMS 40.00 X 195412 0 35150 DAWN GRIFFIN SR. DIRECTOR OF COMMUNICATIONS 40.00 X 188044 0 24704 JANE O'REILLY-CORCORAN DIRECTOR OF HUMAN RESOURCES 40.00 X 191438 0 34544 MARIA MULLER FORMER CHIEF OF EXTERNAL RELATIONS 40.00 X 331666 0 29776 CHRISTOPHER A BRATTON FORMER PRESIDENT OF SMFA 40.00 X 524441 0 35064 BEN WEISS DIRECTOR OF COLLECTIONS 40.00 X 122772 0 17782 3688510 0 372278 65 1 1 0 CONNELLY PARTNERS LLC 46 WALTHAM ST 4TH FL BOSTON MA 02118 MEDIA 1664970 RESTAURANT ASSOCIATES PO BOX 91337 CHICAGO IL 60693 CATERING 1501823 C&W FACILITY SERVICES INC 4002 SOLUTION CENTER CHICAGO IL 60677 CLEANING 1351633 ROPES & GRAY LLP 800 BOYLSTON STREET BOSTON MA 02199 LEGAL 936333 SP PLUS CORPORATION 115 BROAD STREET BOSTON MA 02110 PARKING 793234 41 9734295 90650 86500 56533475 3328206 66444920 ADMISSION 713990 7054668 7054668 EDUCATION PROGRAM REVENUE 611710 2454134 2454134 EXHIBITION 713990 1897463 1897463 11406265 4163107 -19990 4183097 6978058 1988711 4989347 4989347 50731 4938616 228286334 16785 184220652 0 44065682 16785 44082467 44082467 60921 90650 61306 -385 -385 5015824 2481963 2533861 2533861 OTHER ANCILLARY SERVICES 900099 5057391 5054073 3318 PARKING 812930 3818566 3818566 FOOD SERVICES 722100 2451243 2451243 11327200 144946782 22730147 34059 55737656 2655979 1041728 1245574 368677 30234860 20994848 6468021 2771991 2133816 1429638 500425 203753 5168889 3966153 803189 399547 2513816 1684235 589543 240038 2059108 2059108 553990 51028 502962 296201 18504 277697 8152202 1158955 6931997 61250 1098811 624627 446917 27267 3211446 2602996 608450 1674186 1407617 107508 159061 1079572 81986 992853 4733 6044913 5710579 334334 989445 467409 447422 74614 4570773 3642208 928565 22100986 21485734 568575 46677 989086 450473 538613 EXHIBITION AND SPECIAL 6122206 6122206 PURCHASE WORKS OF ART 5166396 5120896 45500 EQUIPMENT AND RENTAL 4449410 4008776 426038 14596 OTHER MISC PROGRAMS 2003538 970364 139579 893595 3433877 2323059 917395 193423 116703506 87423127 23821157 5459222 7335674 19541209 62967297 68380334 75633715 78652689 1803067 1605854 352995 350000 1504511 1525666 1095948 1585938 621262819 274777126 366399869 346485693 356904895 380570155 226218659 239259197 5829242 6313205 1106045872 1144269940 16042987 17005427 2995741 3576219 134696832 114744513 144923 83545 44169189 33597935 198049672 169007639 X 171372859 176877229 439622447 495916331 297000894 302468741 907996200 975262301 1106045872 1144269940 X 28243276 29808374 806231 8408220 X X 0 1 X 1 1 1 X 45346308 75078952 62715771 49185692 66444920 298771643 45346308 75078952 62715771 49185692 66444920 298771643 33259567 265512076 2409488 2209404 2633469 2693547 4163107 14109015 849234 2152998 1669765 147509 133403 4952909 317833567 298771642 0.83540 0.89890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 571094035 11000514 53626267 10793938 6715151 618211727 620435527 8256829 -21087976 1031819 31766740 3711786 571094035 642074537 12847093 -19888803 907122 10235907 3454271 620435527 573881010 11013337 73529826 852272 9236497 6260867 642074537 536522379 8719819 44307413 800395 9610823 5257383 573881010 0.03000 0.43000 0.54000 1 0 20304653 20304653 541651088 235599427 306051661 55963231 39177699 16785532 3343847 3343847 346485693 217461000 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 21798197 F 239259197 LINE OF CREDIT 776306 ASSET RETIREMENT OBLIGATION 7474665 LIABILITY - INTEREST RATE SWAP 23818391 OTHER LIABILITIES 1528573 33597935 181786438 29808374 806231 12878896 43493501 138292937 6715151 -61306 6653845 144946782 114520336 4531981 4531981 109988355 6715151 6715151 116703506 PART III, LINE 4: THE MUSEUM OF FINE ARTS, BOSTON WAS FOUNDED IN 1870 FOR THE PURPOSES OF "ERECTING A MUSEUM FOR THE PRESERVATION AND EXHIBITION OF WORKS OF ART, OF MAKING, MAINTAINING AND EXHIBITING COLLECTIONS OF SUCH WORKS, AND OF AFFORDING INSTRUCTION IN THE FINE ARTS." THE COLLECTIONS ARE CENTRAL TO THE MUSEUM'S ENDEAVORS, AND TO FOSTERING THE UNDERSTANDING AND ENJOYMENT OF ORIGINAL WORKS OF ART. THE MFA IS ONE OF THE WORLD'S GREAT ENCYCLOPEDIC INSTITUTIONS AND AS SUCH, ACTIVELY COLLECTS WORKS OF ART FROM ALL TIME-PERIODS AND ACROSS ALL CONTINENTS. ALL THE WORKS OF ART CONTRIBUTE TO THE MUSEUM'S GUIDED TOURS, LECTURES, FILMS, GALLERY TALKS, CONCERTS, ARTS FESTIVALS, EDUCATION PROGRAMS, INTER-MUSEUM LOANS, AND PERMANENT, TEMPORARY AND TRAVELING EXHIBITIONS, WHICH FULFILL ITS MISSION. PART V, LINE 4: THE MUSEUM'S ENDOWMENT SUPPORTS THE MISSION OF THE MUSEUM, INCLUDING THE PRESERVATION, EXHIBITION AND MAINTENANCE OF THE MUSEUM'S COLLECTION, AS WELL AS VARIOUS EDUCATION PROGRAMS OF THE MUSEUM. THE MUSEUM'S ENDOWMENT CONSISTS OF OVER 650 INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -386,557. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 8,794,778. COST OF SALES - MERCHANDISING OPERATIONS 2,481,964. RENTAL EXPENSES 1,988,711. PART XI, LINE 4B - OTHER ADJUSTMENTS: ART IN BLOOM EXPENSES NETTED WITH REVENUE -61,306. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MERCHANDISING OPERATIONS 2,481,964. ART IN BLOOM EXPENSES NETTED WITH REVENUE 61,306. RENTAL EXPENSES 1,988,711. PART III, LINE 1A: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, WORKS OF ART COSTS ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED; THE VALUE OF OBJECTS ACQUIRED THROUGH GIFTS CANNOT BE REASONABLY ESTIMATED AND, THEREFORE, ARE NOT RECORDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENT N/A 105625213 0 0 0 0 0 0 105625213 0 105625213 1 0 1 1 1 0 ART IN BLOOM 151571 90650 60921 61306 151571 90650 60921 61306 61306 -385 X X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 MATTHEW TEITELBAUM ANN AND GRAHAM GUND DIRECTOR 658187 0 0 0 61495 0 21200 0 21172 0 762054 0 0 0 KATHERINE GETCHELL DEPUTY DIRECTOR & CHIEF BRAND OFFICE 403494 0 0 0 0 0 23850 0 16763 0 444107 0 0 0 MARK KERWIN DEPUTY DIRECTOR & CFO 393014 0 50000 0 0 0 23850 0 20940 0 487804 0 0 0 EDWARD SAYWELL CHIEF OF EXHIBITION STRATEGY AND GAL 156095 0 0 0 0 0 12456 0 15437 0 183988 0 0 0 KRISTIN V FERGUSON CHIEF, DIRECTOR'S OFFICE 175596 0 35000 0 0 0 0 0 5658 0 216254 0 0 0 CYNTHIA S GLOTT DIRECTOR OF PLANNING/ADMIN 201856 0 0 0 0 0 18167 0 15765 0 235788 0 0 0 THOMAS CATALINI SR. DIRECTOR OF INFORMATION SYSTEMS 193412 0 2000 0 0 0 15473 0 19677 0 230562 0 0 0 DAWN GRIFFIN SR. DIRECTOR OF COMMUNICATIONS 188044 0 0 0 0 0 16924 0 7780 0 212748 0 0 0 JANE O'REILLY-CORCORAN DIRECTOR OF HUMAN RESOURCES 186438 0 5000 0 0 0 14915 0 19629 0 225982 0 0 0 MARIA MULLER FORMER CHIEF OF EXTERNAL RELATIONS 331666 0 0 0 0 0 21200 0 8576 0 361442 0 0 0 CHRISTOPHER A BRATTON FORMER PRESIDENT OF SMFA 192454 0 0 0 331987 0 15435 0 19629 0 559505 0 0 0 PART I, LINE 1A A TAXABLE HOUSING ALLOWANCE OF $50,000 WAS PAID TO MATTHEW TEITELBAUM BASED ON THE EMPLOYMENT CONTRACT, AND TAXABLE COMPANION TRAVEL EXPENSE OF $11,495 WAS ALSO INCLUDED IN OTHER REPORTABLE COMPENSATION. A TAXABLE HOUSING ALLOWANCE OF $17,500 WAS PAID TO CHRISTOPHER BRATTON. SEVERANCE PAYMENT OF $314,000 WAS PAID TO CHRISTOPHER BRATTON, WHICH WAS INCLUDED IN THE PRIOR YEAR RETURN FINANCIAL STATEMENT IN SECTION PART IX, STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDED JUNE 30, 2016. SOCIAL CLUB DUES FOR CHRISTOPHER BRATTON OF $487 IS ALSO INCLUDED IN OTHER REPORTABLE COMPENSATION. PART I, LINE 1B: TRAVEL FOR COMPANIONS IS PERMITTED ONLY IF IT IS FOR BONA FIDE BUSINESS PURPOSES DIRECTLY BENEFITTING THE MUSEUM AND WITH PRIOR APPROVAL BY THE DIRECTOR, OR DIRECTOR'S DESIGNEE, OR CHAIR OR PRESIDENT OF THE BOARD OF TRUSTEES. EXCEPT UNDER VERY RARE CONDITIONS, REIMBURSEMENT OF A COMPANION WILL CONSTITUTE TAXABLE INCOME TO THE TRAVELER. PART I, LINE 4A INCLUDED IN THE FINANCIAL STATEMENT IN SECTION PART IX, STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDING JUNE 30, 2017, IS CERTAIN COMPENSATION PAID TO MARIA MULLER, SUBSEQUENT TO THE W-2 REPORTED ON IN SCHEDULE J. PART I, LINE 7: NON-FIXED AND DISCRETIONARY BONUSES OF $50,000, $35,000, $5,000 AND $2,000 WERE PAID TO MARK KERWIN, KRISTIN FERGUSON, JANE O'REILLY-CORCORAN, AND THOMAS CATALINI. A MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 042456011 57586CV69 2007-12-13 185000000 NEW MONEY FOR CONSTRUCTION 0 0 0 A 185802983 1134172 184668811 2010 0 0 1 1 A 0 1 1 0 0 0.00580 0.00580 0 0 1 A 0 0 1 0 1 1 BANK OF AMERICA 20.000000000000 0 0 0 0 1 A 1 PART VI, SUPPLEMENTAL INFORMATION: PART I - BOND ISSUES, LINE A: COLUMN (C) ADDITIONAL CUSIP #57586CK95 PART IV, ARBITRAGE, LINE 3B: ADDITIONAL NAME OF PROVIDER: MERRILL LYNCH PART IV - ARBITRAGE, LINE 3C: ADDITIONAL TERM OF HEDGE: 3.08 YEARS PART IV - ARBITRAGE, LINE 6: THE MUSEUM'S BOND ISSUANCE IS NOT EXEMPTED FROM REBATE ANALYSIS. THE MUSEUM DID HAVE AN INDEPENDENT THIRD PARTY SPECIALIZING IN PERFORMING REBATE CALCULATION PERFORM THE CALCULATION AND DETERMINED THAT THE BOND QUALIFIED FOR AN EXCEPTION TO REBATE SET FORTH IN REGULATION SECTION 1.148-7. THE SCHEDULE K CALCULATION WAS PERFORMED BY AN INDEPENDENT THIRD PARTY WHICH SPECIALIZES IN PERFORMING THESE CALCULATIONS. THE FACTS AND CIRCUMSTANCE HAVE NOT CHANGED TO MATERIALLY AFFECT THE CALCULATION IN THE CURRENT PERIOD. THE MUSEUM'S BONDS WERE ISSUED IN DECEMBER 2007 AND MATURE IN 2037, A THIRTY YEAR PERIOD. THE PERCENTAGE CALCULATED AS PRIVATE BUSINESS USE IS FOR THE CURRENT FISCAL YEAR SPANNING JULY 1, 2016 THROUGH JUNE 30, 2017. THE OVERALL MEASUREMENT PERIOD FOR THE PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. CHRISTOPHER A BRATTON FORMER DEPUTY DIRECTOR TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE EMPLOYEE'S HOME X 200000 200000 0 1 1 MARIA MULLER FORMER DEPUTY DIRECTOR TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE EMPLOYEE'S HOME X 150000 150000 0 1 1 350000 MARTIGNETTI COMPANIESCARL MARTIGNETTI TRUSTEE 119880 MR. CARL MARTIGNETTI, A TRUSTEE OF THE MFA, IS PRESIDENT AND A SHAREHOLDER OF MARTIGNETTI COMPANIES AND AFFILIATED ENTITIES. MARTIGNETTI COMPANIES IS A LONG-TIME MFA VENDOR AND PROVIDES GOODS FOR THE MFA. 0 X 261 X 103 3328206 FAIR MARKET VALUE 62 0 1 0 PART I, LINE 33: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, THE COST OF WORKS OF ART ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED. THE VALUE OF OBJECTS ACQUIRED BY GIFT CANNOT BE REASONABLY ESTIMATED, AND THEREFORE ARE NOT RECORDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. PART I, LINE 9: IT IS THE MUSEUM'S POLICY TO SELL SECURITIES IMMEDIATELY UPON RECEIVING SUCH DONATIONS. FORM 990, PART I, LINE 1 AND PART III, LINE 1: THE MUSEUM OF FINE ARTS HOUSES AND PRESERVES PREEMINENT COLLECTIONS AND ASPIRES TO SERVE A WIDE VARIETY OF PEOPLE THROUGH DIRECT ENCOUNTERS WITH WORKS OF ART. THE MUSEUM AIMS FOR THE HIGHEST STANDARDS OF QUALITY IN ALL ITS ENDEAVORS. IT SERVES AS A RESOURCE FOR BOTH THOSE WHO ARE ALREADY FAMILIAR WITH ART AND THOSE FOR WHOM ART IS A NEW EXPERIENCE. THROUGH EXHIBITIONS, PROGRAMS, RESEARCH AND PUBLICATIONS, THE MUSEUM DOCUMENTS AND INTERPRETS ITS OWN COLLECTIONS. IT PROVIDES INFORMATION AND PERSPECTIVE ON ART THROUGH TIME AND THROUGHOUT THE WORLD. THE MUSEUM HOLDS ITS COLLECTIONS IN TRUST FOR FUTURE GENERATIONS. IT ASSUMES CONSERVATION AS A PRIMARY RESPONSIBILITY, WHICH REQUIRES CONSTANT ATTENTION TO PROVIDING A PROPER ENVIRONMENT FOR WORKS OF ART AND ARTIFACTS. COMMITTED TO ITS VAST HOLDINGS, THE MUSEUM NONETHELESS RECOGNIZES THE NEED TO IDENTIFY AND EXPLORE NEW AND NEGLECTED AREAS OF ART. IT SEEKS TO ACQUIRE ART OF THE PAST AND PRESENT WHICH IS VISUALLY SIGNIFICANT AND EDUCATIONALLY MEANINGFUL. THE MUSEUM HAS OBLIGATIONS TO THE PEOPLE OF BOSTON AND NEW ENGLAND, ACROSS THE NATION AND ABROAD. IT CELEBRATES DIVERSE CULTURES AND WELCOMES NEW AND BROADER CONSTITUENCIES. THE MUSEUM IS A PLACE IN WHICH TO SEE AND TO LEARN. IT STIMULATES IN ITS VISITORS A SENSE OF PLEASURE, PRIDE AND DISCOVERY, WHICH PROVIDES AESTHETIC CHALLENGES AND LEADS TO A GREATER CULTURAL AWARENESS AND DISCERNMENT. THE MUSEUM CREATES EDUCATIONAL OPPORTUNITIES FOR VISITORS AND ACCOMMODATES A WIDE RANGE OF EXPERIENCES AND LEARNING STYLES. THE MUSEUM'S ULTIMATE AIM IS TO ENCOURAGE INQUIRY AND TO HEIGHTEN PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THEIR BY-LAWS DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE 990 DURING A COMMITTEE MEETING. A COPY OF THE FULL 990 IS PROVIDED TO THE COMMITTEE, WHO REVIEW AND APPROVE THE 990 PRIOR TO ITS REVIEW BY THE FULL GOVERNING BODY. THIS REVIEW IS REPORTED TO THE BOARD AT ITS SPRING MEETING. THE FULL 990 IS MADE AVAILABLE TO THE GOVERNING BOARD VIS-A-VIS AN INTERNAL WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS. COMPLETION OF THE FORMS IS TRACKED AND THE CONTENTS OF THE FORMS ARE REVIEWED BY THE MUSEUM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MAINTAINS A COMPENSATION COMMITTEE. THIS COMMITTEE REVIEWS AVAILABLE DATA FROM THE MFA'S PEER MUSEUMS, AS WELL AS PARTICIPATES IN SURVEYS WITH PEER MUSEUMS CONCERNING COMPENSATION. THE COMMITTEE UTILIZES THE INFORMATION OBTAINED CONCERNING PEER MUSEUMS DIRECTORS' SALARIES AND OTHER COMPENSATION INFORMATION. COMBINED WITH PERFORMANCE MEASUREMENT, TO DISCUSS AND DETERMINE APPROPRIATE COMPENSATION FOR THE DIRECTOR AND KEY OFFICERS. DOCUMENTATION OF PEER DATA ON COMPENSATION AND PERFORMANCE MEASUREMENT IS MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S FULL FINANCIAL STATEMENTS ARE AVAILABLE ON THE COMMONWEALTH OF MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE, GUIDESTAR.ORG, AND UPON REQUEST FROM THE MUSEUM. CERTAIN EXCERPTS OF THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE (WWW.MFA.ORG). FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -386,558. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 8,794,778. PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MUSEUM ENTERPRISE PARTNERS INC 465 HUNTINGTON AVE BOSTON MA 02115 043554307 SALES OF ART AND RELATED DE MUSEUM OF FINE ARTS C 36573 1.00000 1 CHARITABLE REMAINDER UNITRUST 465 HUNTINGTON AVE BOSTON MA 02115 N/A MA T 1 CHARITABLE REMAINDER ANNUITY TRUST 465 HUNTINGTON AVE BOSTON MA 02115 N/A MA T 1 PERPETUAL TRUST 465 HUNTINGTON AVE BOSTON MA 02115 N/A MA T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0