MUSEUM OF FINE ARTS: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- MUSEUM OF FINE ARTS (EIN 04-2103607)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-12
- IRS object ID
- 201731329349304178
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-12T13:02:13-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263753134 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ TOFIAS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103607 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUSEUM OF FINE ARTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MUSE | BusinessNameControlTxt |
| Phone | 6173693281 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK B KERWIN | PersonNm |
| Person Title | DEPUTY DIRECTOR AND C.F.O. | PersonTitleTxt |
| Phone | 6173693281 | PhoneNum |
| Signature | 2017-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CBIZ TOFIAS | PreparerPersonNm |
| PTIN | P00030126 | PTIN |
| Phone | 6177610600 | PhoneNum |
| Preparation | 2017-05-09 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MATTHEW TEITELBAUM | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $280,257,486 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MFA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1870 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 40 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 39 | VotingMembersIndependentCnt |
| Total Employee | 1451 | TotalEmployeeCnt |
| Total Volunteers | 1220 | TotalVolunteersCnt |
| Total Gross UBI | $259,158 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $146,509 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $62,715,771 | PYContributionsGrantsAmt |
| CY Contributions Grants | $49,185,691 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $35,014,733 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,794,735 | CYProgramServiceRevenueAmt |
| PY Investment Income | $36,992,847 | PYInvestmentIncomeAmt |
| CY Investment Income | $16,753,242 | CYInvestmentIncomeAmt |
| PY Other Revenue | $16,299,815 | PYOtherRevenueAmt |
| CY Other Revenue | $15,526,190 | CYOtherRevenueAmt |
| PY Total Revenue | $151,023,166 | PYTotalRevenueAmt |
| CY Total Revenue | $113,259,858 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,266,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,549,283 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $53,565,386 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $54,107,378 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,600,854 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $79,350,914 | PYOtherExpensesAmt |
| CY Other Expenses | $85,292,929 | CYOtherExpensesAmt |
| PY Total Expenses | $137,182,300 | PYTotalExpensesAmt |
| CY Total Expenses | $142,949,590 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,840,866 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$29,689,732 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,186,415,963 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,106,045,872 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $200,340,844 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $198,049,672 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $986,075,119 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $907,996,200 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $18,601,257 | ExpenseAmt |
| Revenue | $2,523,614 | RevenueAmt |
| Desc | 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 123,000 VISITORS PARTICIPATED IN THESE VARIOUS PROGRAMS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $19,686,135 | ExpenseAmt |
| Revenue | $4,284,259 | RevenueAmt |
| Desc | 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 2016, THE MUSEUM PRESENTED MORE THAN 25 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: YOURS SINCERELY, JOHN S SARGENT (JULY 25, 2015 - NOV 15, 2015); NATURE, SCULPTURE, ABSTRACTIONS, AND CLAY 100 YEARS OF AMERICAN CERAMICS (JAN 17, 2015 - JAN 3, 2016); CRAFTED: OBJECTS IN FLUX (AUG 25, 2015 -JAN 10, 2016); CLASS DISTINCTIONS: DUTCH PAINTING IN THE AGE OF REMBRANDT AND VERMEER (OCT 11, 2015 - JAN 18, 2016); MADE IN THE AMERICAS: THE NEW WORLD DISCOVERS ASIA ( AUG 18, 2015 - FEB 15, 2016); FRIDA KAHLO: DOS MUJERES (JAN 27, 2016 - MARCH 1, 2016); IN THE STEPS OF THE MASTER: PUPILS OF HOKUSAI (AUG 29, 2015 - APRIL 3, 2016); SURFACE MATTERS (OCT 31, 2015 - APRIL 10, 2016); THE IDEA OF NORTH: THE PAINTINGS OF LAWREN HARRIS (MARCH 12, 2016 - JUNE 12, 2016); VISITING MASTERPIECES: PAIRING PICASSO ( FEB 13, 2016 - JUNE 26, 2016); #TECHSTYLE (MARCH 6, 2016 - JULY 10, 2016); MEGACITIES ASIA (APRIL 3, 2016 - JULY 17, 2016); HIRO PHOTOGRAPHS (DEC 12, 2015 - AUG 14, 2016); KENNETH PAUL BLOCK ILLUSTRATIONS (DEC 12, 2015 - AUG 14, 2016); LONDON AND EDO: CITIES ON THE RISE (APRIL 3, 2016 - OCT 23, 2016); RUINED: WHEN CITIES FALL (APRIL 3, 2016 - OCT 23, 2016); ETC. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $26,445,093 | ExpenseAmt |
| Grant | $3,549,283 | GrantAmt |
| Revenue | $18,323,794 | RevenueAmt |
| Desc | SCHOOL OF THE MUSEUM OF FINE ARTS PROGRAM:THE SCHOOL OF THE MUSEUM OF FINE ARTS (THE SCHOOL) IS A MEMBER OF THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN. (THE SCHOOL IS NOT A SEPARATELY INCORPORATED ORGANIZATION AND IS A DIVISION OF THE MUSEUM). COURSES ARE OFFERED IN CERAMICS, DRAWING, FILM AND ANIMATION, FOUNDATIONS, GLASS, METALS, PAINTING, PERFORMANCE, PHOTOGRAPHY, PRINTMAKING AND PAPERMAKING, SCULPTURE, SOUND, TEXT AND IMAGE ARTS, VIDEO, AND VISUAL AND CRITICAL STUDIES. THE SCHOOL AWARDS A DIPLOMA, TWO TYPES OF CERTIFICATES, AND THROUGH ITS AFFILIATION WITH TUFTS UNIVERSITY, MEDFORD, MA, OFFERS THREE UNDERGRADUATE AND TWO GRADUATE DEGREE PROGRAMS. IN ADDITION, THE SCHOOL OFFERS CONTINUING EDUCATION PROGRAMS. DURING THE 2015-16 ACADEMIC YEAR, THE SCHOOL HAD 980 STUDENTS ACROSS ALL PROGRAMS.ON MARCH 23, 2016 A DEFINITIVE AGREEMENT WAS REACHED BETWEEN THE MUSEUM OF FINE ARTS AND THE TRUSTEES OF TUFTS COLLEGE (TUFTS) IN WHICH THE MUSEUM AGREED TO TRANSFER AND ASSIGN TUFTS CERTAIN SPECIFIED ASSETS AND LIABILITIES THE MUSEUM USED IN THE OPERATION OF THE SCHOOL OF THE MUSEUM OF FINE ARTS (SMFA), EFFECTIVE ON JUNE 30, 2016. THE ASSETS TRANSFERRED INCLUDED INVENTORY, FURNITURE, EQUIPMENT AND ENDOWMENT FUNDS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (6 entries)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $2,293,279 | $2,585,368 | ENTERPRISE:THE MUSEUM'S RETAIL OPERATIONS OFFER FOR SALE IN ITS SHOPS OR THROUGH ITS WEB-BASED OUTLET A WIDE VARIETY OF MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS AND SPECIAL EXHIBITIONS WHICH CONTRIBUTE IMPORTANTLY 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.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 IMPORTANTLY 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. |
| $40,292,212 | 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. | |
| $1,108,893 | $3,689,015 | 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 IMPORTANTLY TO THE MUSEUM'S EXEMPT PURPOSE BY ENCOURAGING VISITATION AND LONGER PERIODS 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. |
| $1,176,048 | $2,449,432 | 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 OPERATION OF THE EATING FACILITIES WITHIN THE MUSEUM PREMISES HELPS TO ATTRACT VISITORS TO THE MUSEUM EXHIBITS. BECAUSE THERE ARE PLACES OF REFRESHMENT IN THE MUSEUM, VISITORS ARE ABLE TO DEVOTE A GREATER PORTION OF THEIR TIME AND ATTENTION TO THE MUSEUM'S COLLECTION, EXHIBITS AND OTHER EDUCATIONAL FACILITIES. THE MUSEUM CREATES AN EDUCATIONAL PROGRAM FOR ITS PARTICIPANTS, FOCUSING ON AN EXHIBIT, LECTURE OR TOUR FOR PRIVATE AND CORPORATE FUNCTIONS. |
| $3,955,208 | $6,663,069 | MEMBERSHIP & VISITORS:OVER 1,182,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2016. THE MUSEUM HAS AN ADMISSION CHARGE; HOWEVER, DURING THE FISCAL YEAR 2016, THERE WERE TEN COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE WAIVED, AND THE MUSEUM HAS FREE ADMISSION "PAY AS YOU WISH" EACH WEDNESDAY EVENING. THE MUSEUM HAS APPROXIMATELY 66,000 ACTIVE MEMBER HOUSEHOLDS. THERE ARE 8 LEVELS OF ANNUAL MEMBERSHIP WITH FEES RANGING FROM $75 TO $1,000. 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. |
| $2,430,435 | $5,376,233 | OTHER MISC. PROGRAM SERVICES: |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $51,256,075 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $20,763,117 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $115,988,560 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1251 | IRPDocumentCnt |
| IRP Document W2 G | 8 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1451 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 40 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 39 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK B KERWIN CPA CFO | PersonNm |
| Phone | 6173693281 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021155523 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JILL AVERY | |||||||
| ELECTED TRUSTEE - CHAIRMAN OVERSEERS | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| EDWARD BAKER-GREENE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BETTINA BURR | |||||||
| ELECTED TRUSTEE - VP OF THE BOARD OF TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KEVIN CALLAGHAN | |||||||
| ELECTED TRUSTEE - TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| HOWARD COX | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID CROLL | |||||||
| ELECTED TRUSTEE - PRESIDENT OF BOARD OF TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SUSAN DONAHUE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RONALD DRUKER | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM R ELFERS | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN FINE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID GOEL | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ABIGAIL ROSS GOODMAN | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NICHOLAS GREVILLE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELLEN JAFFE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHERINE KIRK | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICIA KRAFT | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LIZBETH KRUPP | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY LEIDEN | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD LUBIN | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CARL MARTIGNETTI | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| P ANDREWS MCLANE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL NOBLE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEE PELTON | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY PHILLIPS | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SAMUEL PLIMPTON | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| AMY POORVU | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THERESA STONE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LISBETH TARLOW | |||||||
| ELECTED TRUSTEE - CHAIRMAN OF THE BOARD OF TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PAMELA VOSS | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL WALL | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW WEATHERBIE | |||||||
| ELECTED TRUSTEE - SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ROBERTA WEINER | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH BORNHEIMER | |||||||
| APPOINTED TRUSTEE - BOSTON ATHENAEUM | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOMMY CHANG | |||||||
| APPOINTED TRUSTEE - BOSTON PUBLIC SCHOOL | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TARUN KHANNA | |||||||
| APPOINTED TRUSTEE - HARVARD UNIVERSITY | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT NAGLE | |||||||
| APPOINTED TRUSTEE - SMFA BOARD OF TRUSTEES | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTINE REIF | |||||||
| APPOINTED TRUSTEE - MIT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY RUDMAN | |||||||
| APPOINTED TRUSTEE - BOSTON PUBLIC LIBRARY | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DARLENE SALLAN | |||||||
| APPOINTED TRUSTEE - MFA ASSOCIATES | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARTIN J WALSH | |||||||
| APPOINTED TRUSTEE - MAYOR OF BOSTON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MALCOLM A ROGERS | |||||||
| DIRECTOR | 40.00 | Yes (X) | $1,517,971 | $0 | $33,238 | ||
| MATTHEW TEITELBAUM | |||||||
| DIRECTOR | 40.00 | Yes (X) | $439,031 | $0 | $6,542 | ||
| CHRISTOPHER BRATTON | |||||||
| DEPUTY DIR. & PRESIDENT OF SMFA | 40.00 | Yes (X) | $345,279 | $0 | $42,111 | ||
| KATHERINE G GETCHELL | |||||||
| DEPUTY DIRECTOR | 40.00 | Yes (X) | $407,050 | $0 | $32,606 | ||
| MARK KERWIN | |||||||
| DEPUTY DIRECTOR & CFO | 40.00 | Yes (X) | $394,817 | $0 | $40,753 | ||
| MARIA MULLER | |||||||
| DEPUTY DIRECTOR | 40.00 | Yes (X) | $333,124 | $0 | $42,324 | ||
| CYNTHIA GLOTT | |||||||
| DIRECTOR OF PLANNING/ADMIN | 40.00 | $190,736 | $0 | $33,410 | Yes (X) | ||
| THOMAS CATALINI | |||||||
| SR. DIRECTOR OF INFOMATION SYSTEM | 40.00 | $184,529 | $0 | $34,959 | Yes (X) | ||
| SARAH MCKINNON | |||||||
| SR. VP. FOR ACADMIC AFFAIR & DEAN | 40.00 | $187,425 | $0 | $30,972 | Yes (X) | ||
| JANE O'REILLY-CORCORAN | |||||||
| DIRECTOR OF HUMAN RESOURCES | 40.00 | $177,493 | $0 | $34,294 | Yes (X) | ||
| ANNE COWIE | |||||||
| SMFA VP OF INSTITUTIONAL ADVANCE | 40.00 | $177,109 | $0 | $30,504 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,354,564 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $361,713 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 63 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CONNELLY PARTNERS LLC | |||||
| 46 WALTHAM ST 4TH FL | BOSTON | MA | 02118 | MEDIA | $1,669,428 |
| RESTAURANT ASSOCIATES | |||||
| P O BOX 91337 | CHICAGO | IL | 60693 | CATERING | $1,515,977 |
| C & W FACILITY SERVICES INC | |||||
| 4002 SOLUTIONS CENTER | CHICAGO | IL | 60677 | CLEANING SERVICES | $1,470,820 |
| ROPES & GRAY LLP | |||||
| 800 BOYLSTON ST | BOSTON | MA | 02199 | LEGAL SERVICES | $848,616 |
| SP PLUS CORPORATION | |||||
| 115 BROAD ST | BOSTON | MA | 02110 | PARKING SERVICES | $830,862 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 54 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $9,327,601 | MembershipDuesAmt |
| Fundraising | $73,155 | FundraisingAmt |
| Government Grants | $164,233 | GovernmentGrantsAmt |
| All Other Contributions | $39,620,702 | AllOtherContributionsAmt |
| Noncash Contributions | $7,907,197 | NoncashContributionsAmt |
| Total Contributions | $49,185,691 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION SCHOOL | 611600 | $18,323,794 | $18,323,794 |
| ADMISSION FEES INCOME | 713990 | $6,663,069 | $6,663,069 |
| EXHIBITION INCOME | 713990 | $4,284,258 | $4,284,258 |
| EDUCATION PROGRAM REVENUE | 611710 | $2,523,614 | $2,523,614 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,794,735 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,693,547 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$174,709 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,868,256 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,876,166 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,456,799 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,419,367 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,419,367 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $426,398 | UnrelatedBusinessRevenueAmt |
| Exclusion | $992,969 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $175,108,058 | SecuritiesAmt |
| Other | $869,203 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $161,917,566 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,190,492 | SecuritiesAmt |
| Other | $869,203 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,059,695 | TotalRevenueColumnAmt |
| Exclusion | $14,059,695 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $86,000 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $73,155 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $86,695 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$695 | TotalRevenueColumnAmt |
| Exclusion | -$695 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $5,121,936 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $2,536,568 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,585,368 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,585,368 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| OTHER ANCILLARY SERVICES | 900099 | $5,383,702 | $5,376,233 | $7,469 |
| PARKING | 812930 | $3,689,016 | $3,689,016 | |
| FOOD SERVICES | 722100 | $2,449,432 | $2,449,432 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $11,522,150 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $113,259,858 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,894,784 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $259,158 | UnrelatedBusinessRevenueAmt |
| Exclusion | $17,920,225 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,549,283 | TotalAmt |
| Program Services | $3,549,283 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,934,756 | TotalAmt |
| Program Services | $901,561 | ProgramServicesAmt |
| Management And General | $1,661,978 | ManagementAndGeneralAmt |
| Fundraising | $371,217 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,268,786 | TotalAmt |
| Program Services | $31,591,960 | ProgramServicesAmt |
| Management And General | $4,893,866 | ManagementAndGeneralAmt |
| Fundraising | $2,782,960 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,609,973 | TotalAmt |
| Program Services | $2,012,363 | ProgramServicesAmt |
| Management And General | $403,679 | ManagementAndGeneralAmt |
| Fundraising | $193,931 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,109,045 | TotalAmt |
| Program Services | $4,845,732 | ProgramServicesAmt |
| Management And General | $850,237 | ManagementAndGeneralAmt |
| Fundraising | $413,076 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,184,818 | TotalAmt |
| Program Services | $2,455,585 | ProgramServicesAmt |
| Management And General | $492,589 | ManagementAndGeneralAmt |
| Fundraising | $236,644 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,553,738 | TotalAmt |
| Program Services | $2,553,738 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,882 | TotalAmt |
| Program Services | $60,572 | ProgramServicesAmt |
| Management And General | $208,310 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $306,210 | TotalAmt |
| Program Services | $93,000 | ProgramServicesAmt |
| Management And General | $213,210 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,142,886 | TotalAmt |
| Program Services | $1,158,955 | ProgramServicesAmt |
| Management And General | $3,919,615 | ManagementAndGeneralAmt |
| Fundraising | $64,316 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,645,184 | TotalAmt |
| Program Services | $3,036,416 | ProgramServicesAmt |
| Management And General | $608,466 | ManagementAndGeneralAmt |
| Fundraising | $302 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,146,913 | TotalAmt |
| Program Services | $2,777,410 | ProgramServicesAmt |
| Management And General | $369,503 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,381,304 | TotalAmt |
| Program Services | $2,080,260 | ProgramServicesAmt |
| Management And General | $121,118 | ManagementAndGeneralAmt |
| Fundraising | $179,926 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,171,304 | TotalAmt |
| Program Services | $129,240 | ProgramServicesAmt |
| Management And General | $1,038,050 | ManagementAndGeneralAmt |
| Fundraising | $4,014 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,740,586 | TotalAmt |
| Program Services | $6,466,807 | ProgramServicesAmt |
| Management And General | $273,779 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,458,922 | TotalAmt |
| Program Services | $947,374 | ProgramServicesAmt |
| Management And General | $399,976 | ManagementAndGeneralAmt |
| Fundraising | $111,572 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,281,611 | TotalAmt |
| Program Services | $3,411,790 | ProgramServicesAmt |
| Management And General | $869,821 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,549,218 | TotalAmt |
| Program Services | $22,016,974 | ProgramServicesAmt |
| Management And General | $504,787 | ManagementAndGeneralAmt |
| Fundraising | $27,457 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,025,124 | TotalAmt |
| Program Services | $530,612 | ProgramServicesAmt |
| Management And General | $494,512 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PURCHASE WORKS OF ART | $11,540,782 | $8,731,882 | $2,808,900 | |
| EXHIBITION & SPEC. PROG | $6,966,983 | $6,966,983 | ||
| EQUIPMENT & RENTAL | $5,488,942 | $5,055,131 | $394,533 | $39,278 |
| OTHER MISC. PROGRAMS | $1,844,993 | $846,970 | $73,714 | $924,309 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,779,347 | TotalAmt |
| Program Services | $3,767,962 | ProgramServicesAmt |
| Management And General | $759,533 | ManagementAndGeneralAmt |
| Fundraising | $251,852 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,949,590 | TotalAmt |
| Program Services | $115,988,560 | ProgramServicesAmt |
| Management And General | $21,360,176 | ManagementAndGeneralAmt |
| Fundraising | $5,600,854 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,905,891 | BOYAmt |
| EOY | $7,335,674 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,032,984 | BOYAmt |
| EOY | $62,967,297 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,663,457 | BOYAmt |
| EOY | $75,633,715 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,578,883 | BOYAmt |
| EOY | $1,803,067 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $352,995 | BOYAmt |
| EOY | $352,995 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,760,787 | BOYAmt |
| EOY | $1,504,511 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,911,363 | BOYAmt |
| EOY | $1,095,948 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $617,745,474 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $251,345,605 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $388,326,097 | BOYAmt |
| EOY | $366,399,869 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $398,134,489 | BOYAmt |
| EOY | $356,904,895 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,011,554 | BOYAmt |
| EOY | $226,218,659 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,737,463 | BOYAmt |
| EOY | $5,829,242 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,186,415,963 | BOYAmt |
| EOY | $1,106,045,872 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,494,260 | BOYAmt |
| EOY | $16,042,987 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,047,124 | BOYAmt |
| EOY | $2,995,741 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,649,153 | BOYAmt |
| EOY | $134,696,832 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,340 | BOYAmt |
| EOY | $144,923 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,989,967 | BOYAmt |
| EOY | $44,169,189 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,340,844 | BOYAmt |
| EOY | $198,049,672 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,448,252 | BOYAmt |
| EOY | $171,372,859 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $485,425,053 | BOYAmt |
| EOY | $439,622,447 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $303,201,814 | BOYAmt |
| EOY | $297,000,894 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $986,075,119 | BOYAmt |
| EOY | $907,996,200 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,186,415,963 | BOYAmt |
| EOY | $1,106,045,872 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$29,689,732 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$16,905,494 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $570,901 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$32,054,594 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $53,736,302 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $45,346,308 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $75,078,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $62,715,771 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $49,185,691 | CurrentTaxYearAmt |
| Total | $286,063,024 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $53,736,302 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $45,346,308 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $75,078,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $62,715,771 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $49,185,691 | CurrentTaxYearAmt |
| Total | $286,063,024 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $12,565,397 | SubstantialContributorsTotAmt |
| Public Support Total170 | $273,497,627 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,891,464 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,409,488 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,209,404 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,633,469 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,693,547 | CurrentTaxYearAmt |
| Total | $12,837,372 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $522,586 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $849,234 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,152,998 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,669,765 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $147,509 | CurrentTaxYearAmt |
| Total | $5,342,092 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $304,242,488 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $251,432,687 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.89890 | PublicSupportCY170Pct |
| Public Support PY170 | 0.89060 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | Yes (1) | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $620,435,527 | BeginningYearBalanceAmt |
| Contributions | $8,256,829 | ContributionsAmt |
| Investment Earnings Or Losses | -$21,087,976 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,031,819 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,766,740 | OtherExpendituresAmt |
| Administrative Expenses | $3,711,786 | AdministrativeExpensesAmt |
| End Year Balance | $571,094,035 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $642,074,537 | BeginningYearBalanceAmt |
| Contributions | $12,847,093 | ContributionsAmt |
| Investment Earnings Or Losses | -$19,888,803 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $907,122 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,235,907 | OtherExpendituresAmt |
| Administrative Expenses | $3,454,271 | AdministrativeExpensesAmt |
| End Year Balance | $620,435,527 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $573,881,010 | BeginningYearBalanceAmt |
| Contributions | $11,013,337 | ContributionsAmt |
| Investment Earnings Or Losses | $73,529,826 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $852,272 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,236,497 | OtherExpendituresAmt |
| Administrative Expenses | $6,260,867 | AdministrativeExpensesAmt |
| End Year Balance | $642,074,537 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $536,522,379 | BeginningYearBalanceAmt |
| Contributions | $8,719,819 | ContributionsAmt |
| Investment Earnings Or Losses | $44,307,413 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $800,395 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,610,823 | OtherExpendituresAmt |
| Administrative Expenses | $5,257,383 | AdministrativeExpensesAmt |
| End Year Balance | $573,881,010 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $572,150,721 | BeginningYearBalanceAmt |
| Contributions | $5,742,352 | ContributionsAmt |
| Investment Earnings Or Losses | -$29,626,689 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $766,060 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,241,157 | OtherExpendituresAmt |
| Administrative Expenses | $2,736,788 | AdministrativeExpensesAmt |
| End Year Balance | $536,522,379 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.02010 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.46200 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.51790 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,304,653 | OtherCostOrOtherBasisAmt |
| Book Value | $20,304,653 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $541,232,349 | OtherCostOrOtherBasisAmt |
| Depreciation | $216,623,074 | DepreciationAmt |
| Book Value | $324,609,275 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,798,086 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,722,531 | DepreciationAmt |
| Book Value | $20,075,555 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,410,386 | OtherCostOrOtherBasisAmt |
| Book Value | $1,410,386 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $366,399,869 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $200,683,000 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| BENEFICIAL INTEREST IN PERPETUAL TRUSTS | $20,535,659 | F |
| FUNDS HELD BY TRUSTEE | $5,000,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $226,218,659 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| LIABILITY TO BE TRANSFERRED TO OTHERS | $2,218,089 |
| LINE OF CREDIT | $815,503 |
| ASSET RETIREMENT OBLIGATION | $7,230,991 |
| LIABILITY UNDER INTEREST RATE SWAP | $32,613,169 |
| OTHER LIABILITIES | $1,291,437 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $44,169,189 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $66,327,336 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$16,905,494 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $570,901 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$26,972,837 | OtherRevenueAmt |
| Revenue Not Reported | -$43,307,430 | RevenueNotReportedAmt |
| Revenue Subtotal | $109,634,766 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,711,787 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$86,695 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,625,092 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $113,259,858 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $144,406,255 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $5,168,451 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $5,168,451 | ExpensesNotReportedAmt |
| Expenses Subtotal | $139,237,804 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,711,786 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $3,711,786 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $142,949,590 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, THE COSTS 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 STATEMENT OF ACTIVITIES. |
| 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, PERMANENT, TEMPORARY AND TRAVELING EXHIBITIONS, WHICH FULFILL ITS MISSION. |
| PART V, LINE 4: | THE MUSEUM'S ENDOWMENT IS UTILIZED TO SUPPORT THE MISSION OF THE MUSEUM, INCLUDING THE PRESERVATION, EXHIBITION AND MAINTENANCE OF THE MUSEUM'S COLLECTION, AS WELL AS VARIOUS EDUCATION AND OTHER PROGRAMS OF THE MUSEUM. THE MUSEUM'S ENDOWMENT CONSISTS OF NEARLY 700 INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,488,873. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -8,653,558. COST OF SALES - MERCHANDISING OPERATIONS 2,536,568. RENTAL EXPENSES 2,030,402. TRANSFER TO OTHERS -21,397,376. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | ART IN BLOOM EXPENSE NET WITH REVENUE -86,695. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF SALES - MERCHANDISING OPERATIONS 2,536,568. ART IN BLOOM EXPENSE NET WITH REVENUE 86,695. RENTAL EXPENSES 2,030,402. TRANSFER TO OTHERS 514,786. |
| PART XI, LINE 2D - TRANSFER TO OTHER - $-21,397,376: | AS A RESULT OF THE MARCH 23, 2016 DEFINITIVE AGREEMENT BETWEEN THE MUSEUM OF FINE ARTS AND TRUSTEES OF TUFTS COLLEGE (TUFTS), THE MUSEUM AGREED TO TRANSFER AND ASSIGN TO TUFTS CERTAIN SPECIFIED ASSETS AND LIABILITIES OF THE SCHOOL OF THE MUSEUM OF FINE ARTS USED IN ITS OPERATIONS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENT | TypeOfActivitiesConductedTxt |
| Specific Services Provided | N/A | SpecificServicesProvidedTxt |
| Region Total Expenditures | $91,608,231 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $91,608,231 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $91,608,231 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ART IN BLOOM | Event1Nm |
| Gross Receipts Event1 | $159,155 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $73,155 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $86,000 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $86,695 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $159,155 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $73,155 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $86,000 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $86,695 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $86,695 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$695 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| STUDENT FINANCIAL AID - OPERATING FUNDS SCHOLARSHIP | 275 | $2,648,886 |
| STUDENT FINANCIAL AID - ENDOWED FUNDS SCHOLARSHIP | 150 | $692,603 |
| STUDENT FINANCIAL AID - EMPLOYEE WAIVERS | 2 | $55,172 |
| STUDENT TRAVEL AWARDS | 19 | $118,047 |
| FACULTY ENRICHMENT AWARD PROGRAMS | 16 | $34,575 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 99% OF TOTAL GRANTS AND OTHER ASSISTANCE ARE RELATED TO INSTITUTIONAL FINANCIAL AID FOR WHICH STUDENTS APPLY THROUGH THE FINANCIAL AID OFFICE. ALL AID IS AWARDED BASED ON CERTAIN GUIDELINES AND IS CREDITED DIRECTLY TO STUDENTS' TUITION ACCOUNTS. ALL AWARDS ARE DIRECTLY RELATED TO THE STUDENTS' EDUCATION AT THE INSTITUTION'S PHYSICAL LOCATION IN THE UNITED STATES. IN ADDITION TO MANDATORY CLASS ATTENDANCE, STUDENTS ARE REQUIRED TO COMPLETE A REVIEW OF ART WITH INSTRUCTORS AT THE END OF EACH SEMESTER TO RECEIVE CREDIT. TRAVELING SCHOLAR GRANTS ARE AWARDED TO ALUMNI BASED UPON A PROPOSAL AND PORTFOLIO GRADING. TRAVELING SCHOLARS' WORKS ARE REVIEWD BY COMMITTEE A YEAR LATER AND ONE INDIVIDUAL IS SELECTED FOR A ONE PERSON SHOW AT THE MFA. FACULTY ENRICHMENT AWARDS ARE GIVEN TO CURRENT, ON-SITE FACULTY MEMBERS TO PURSUE VARIOUS PROJECTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MALCOLM A ROGERS | ||||||||||||||
| DIRECTOR | $408,952 | $0 | $666,300 | $0 | $442,719 | $0 | $23,850 | $0 | $9,388 | $0 | $1,551,209 | $0 | $318,958 | $0 |
| MATTHEW TEITELBAUM | ||||||||||||||
| DIRECTOR | $271,931 | $0 | $100,000 | $0 | $67,100 | $0 | $0 | $0 | $6,542 | $0 | $445,573 | $0 | $0 | $0 |
| CHRISTOPHER BRATTON | ||||||||||||||
| DEPUTY DIR. & PRESIDENT OF SMFA | $307,942 | $0 | $0 | $0 | $37,337 | $0 | $21,227 | $0 | $20,884 | $0 | $387,390 | $0 | $0 | $0 |
| KATHERINE G GETCHELL | ||||||||||||||
| DEPUTY DIRECTOR | $386,435 | $0 | $20,000 | $0 | $615 | $0 | $23,850 | $0 | $8,756 | $0 | $439,656 | $0 | $0 | $0 |
| MARK KERWIN | ||||||||||||||
| DEPUTY DIRECTOR & CFO | $373,106 | $0 | $20,000 | $0 | $1,711 | $0 | $23,850 | $0 | $16,903 | $0 | $435,570 | $0 | $0 | $0 |
| MARIA MULLER | ||||||||||||||
| DEPUTY DIRECTOR | $320,370 | $0 | $12,000 | $0 | $754 | $0 | $21,226 | $0 | $21,098 | $0 | $375,448 | $0 | $0 | $0 |
| CYNTHIA GLOTT | ||||||||||||||
| DIRECTOR OF PLANNING/ADMIN | $189,985 | $0 | $0 | $0 | $751 | $0 | $17,579 | $0 | $15,831 | $0 | $224,146 | $0 | $0 | $0 |
| THOMAS CATALINI | ||||||||||||||
| SR. DIRECTOR OF INFOMATION SYSTEM | $180,601 | $0 | $3,680 | $0 | $248 | $0 | $15,026 | $0 | $19,933 | $0 | $219,488 | $0 | $0 | $0 |
| SARAH MCKINNON | ||||||||||||||
| SR. VP. FOR ACADMIC AFFAIR & DEAN | $185,291 | $0 | $0 | $0 | $2,134 | $0 | $15,181 | $0 | $15,791 | $0 | $218,397 | $0 | $0 | $0 |
| JANE O'REILLY-CORCORAN | ||||||||||||||
| DIRECTOR OF HUMAN RESOURCES | $171,512 | $0 | $5,310 | $0 | $671 | $0 | $14,451 | $0 | $19,843 | $0 | $211,787 | $0 | $0 | $0 |
| ANNE COWIE | ||||||||||||||
| SMFA VP OF INSTITUTIONAL ADVANCE | $176,739 | $0 | $0 | $0 | $370 | $0 | $14,752 | $0 | $15,752 | $0 | $207,613 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | TAXABLE HOUSING ALLOWANCE OF $25,000 AND TAXABLE MOVING EXPENSES OF $42,100 WERE PAID TO MATTHEW TEITELBAUM BASED ON THE EMPLOYMENT CONTRACT. TAXABLE HOUSING ALLOWANCE OF $35,000 WAS PAID TO CHRISTOPHER BRATTON. SOCIAL CLUB DUES FOR CHRISTOPHER BRATTON OF $975 IS ALSO INCLUDED IN OTHER REPORTABLE COMPENSATION. MALCOLM ROGERS WAS PAID CERTAIN ADDITIONAL COMPENSATION OF $666,300 UPON HIS RETIREMENT REPRESENTING THE THIRD YEAR OF HIS EMPLOYMENT CONTRACT. TAXABLE HOUSING ALLOWANCE OF $36,058 WAS PAID TO MALCOLM ROGERS BASED ON THE EMPLOYMENT CONTRACT. THE EXECUTIVE/COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF THE MUSEUM OF FINE ARTS, APPROVED A DEFERRED COMPENSATION AGREEMENT FOR THE BENEFIT OF MALCOLM ROGERS. THE APPROVED DEFERRED COMPENSATION AGREEMENT WAS FOR A THREE YEAR PERIOD, BEGINNING JULY 1, 2013 AND ENDING JUNE 30, 2016. THE EXECUTIVE COMMITTEE DETERMINED IN ITS DISCRETION THE AMOUNT TO BE CREDITED TO THE ACCOUNT EACH RESPECTIVE FISCAL YEAR ENDING. A LUMP-SUM PAYMENT OF $318,958 WAS MADE UNDER THIS MULTI-YEAR DEFERRED COMPENSATION AGREEMENT. |
| PART I, LINE 1B | TRAVEL FOR COMPANIONS IS PERMITTED ONLY IF IT IS FOR A BONA FIDE BUSINESS PURPOSE 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 ENDED JUNE 30, 2016 ARE CERTAIN COMPENSATIONS PAID TO CHRISTOPHER BRATTON AND SARAH MCKINNON, SUBSEQUENT TO THE W-2 REPORTED ON IN SCHEDULE J. |
| PART I, LINE 7 | A NON-FIXED AND DISCRETIONARY BONUS OF $100,000 WAS PAID TO MATTHEW TEITELBAUM, $ 20,000 EACH WAS PAID TO KATHERINE GETCHELL AND MARK KERWIN, $12,000 WAS PAID TO MARIA MULLER, $5,310 WAS PAID TO JANE O'REILLY-CORCORAN, AND $3,680 WAS PAID TO THOMAS CATALINI. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 042456011 | BondIssuerEIN |
| CUSIP | 57586CV69 | CUSIPNum |
| Bond Issued | 2007-12-13 | BondIssuedDt |
| Issue Price | $185,000,000 | IssuePriceAmt |
| Purpose | NEW MONEY FOR CONSTRUCTION | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $185,802,983 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $1,134,172 | IssuanceCostsFromProceedsAmt |
| Working Capital Expenditures | $184,668,811 | WorkingCapitalExpendituresAmt |
| Substantial Completion | 2010 | SubstantialCompletionYr |
| Current Refunding | 0 | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (1) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | 0 | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Concerning UBI | 0.01010 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.01010 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 20.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART VI, SUPPLEMENTAL INFORMATION: | FormAndLineReferenceDesc |
| Explanation | 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 -LINE 6: DID THE BOND ISSUE QUALIFY FOR AN EXCEPTION TO REBATE: 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 BONDS QUALIFY 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 CIRCUMSTANCES 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, 2015 THROUGH JUNE 30, 2016. THE OVERALL MEASUREMENT PERIOD FOR PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BOND. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| CHRISTOPHER BRATTON | |||||||
| DEPUTY DIRECTOR | TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE EMPLOYEE'S HOME. | Yes (X) | $200,000 | $200,000 | 0 | Yes (1) | Yes (1) |
| MARIA MULLER | |||||||
| DEPUTY DIRECTOR | TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE EMPLOYEE'S HOME. | Yes (X) | $150,000 | $152,995 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $352,995 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARTIGNETTI COMPANIESCARL MARTIGNE | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | TRUSTEE | RelationshipDescriptionTxt |
| Transaction | $159,865 | TransactionAmt |
| Transaction | 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. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 289 | ContributionCnt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 162 | ContributionCnt |
| Noncash Contributions Rpt F990 | $7,907,197 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 47 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 33: | FormAndLineReferenceDesc |
| Explanation | IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, THE COSTS 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 STATEMENT OF ACTIVITIES. SCHEDULE M, LINE 9: IT IS THE MUSEUM'S POLICY TO SELL SECURITIES IMMEDIATELY UPON RECEIVING SUCH DONATIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 CHALLENGE 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 EDUCATES ARTISTS OF THE FUTURE THROUGH ITS SCHOOL. THE CREATIVE EFFORTS OF THE STUDENTS AND FACULTY PROVIDE THE MUSEUM AND ITS PUBLIC WITH INSIGHTS INTO EMERGING ART AND ART FORMS. 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 B, LINE 11 | 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 VIA 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 PARTICIPATING IN SURVEYS WITH PEER MUSEUMS CONCERNING COMPENSATION. THE COMMITTEE UTILIZED THE INFORMATION OBTAINED CONCERNING PEER MUSEUMS DIRECTORS' SALARY 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 -1,488,873. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -8,653,558. TRANSFER TO OTHERS -21,912,163. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MUSEUM ENTERPRISE PARTNERS INC | ||||||||||||
| 465 HUNTINGTON AVENUE | BOSTON | MA | 02115 | 043554307 | SALES OF ART AND RELATED MERCHANDISE | DE | MUSEUM OF FINE ARTS | C | $36,573 | 1.00000 | Yes (1) | |
| CHARITABLE REMAINDER UNITRUST | ||||||||||||
| 465 HUNTINGTON AVENUE | BOSTON | MA | 02115 | TRUST | MA | T | Yes (1) | N/A | ||||
| CHARITABLE REMAINDER ANNUITY TRUST | ||||||||||||
| 465 HUNTINGTON AVENUE | BOSTON | MA | 02115 | TRUST | MA | T | Yes (1) | N/A | ||||
| PERPETUAL TRUST | ||||||||||||
| 465 HUNTINGTON AVENUE | BOSTON | MA | 02115 | TRUST | MA | T | Yes (1) | N/A | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |