2017-05-11T17:46:11-07:00 2016-06-30 990 2015-07-01 131624100 MUSEUM OF MODERN ART MUSE 2127089801 11 West 53rd Street New York NY 10019 James Gara Chief Operating Officer 2127089801 2017-05-11 2015 2021-01-29 14:40:06Z Marie-Josee Kravis 11 West 53rd Street New York NY 10019 657726650 0 X www.moma.org X 1929 NY The Museum of Modern Art establishes, preserves, and documents a permanent collection of modern and contemporary art, presents exhibitions and educational programs, sustains a library, archives, and conservation laboratory and supports scholarship and publications. 46 43 1269 400 4915602 999201 135284742 301824589 35085880 33958321 181650756 39278851 33381485 33346671 385402863 408408432 569859 964000 0 0 93393626 96400548 172500 100000 14028407 136000097 151550325 230136082 249014873 155266781 159393559 1717946613 1824084535 380238811 410202403 1337707802 1413882132 X See schedule O 0 0 120628460 964000 0 Museum Operations - Curatorial and curatorial support departments include conservation, education, exhibitions, digital media, publications, library and archives. The Museum was founded in 1929 as an educational institution and maintains a vast breadth of educational programming, which increased in the years after the opening of the renovated and expanded main facility in 2004. In FY 2016, almost 4 million children, students, and adults, of all abilities, were served by the Education Department: over 3 million onsite visitors who accessed free interpretative resources including labels and audio guides (offered in nine languages) to support their learning in the galleries; over 1.4 million who used online educational resources; and over 210,000 who participated in educational programs. MoMA's online following continues to flourish, reaching an extensive global audience. The Museum's 2015-16 special exhibition schedule showcased a broad range of modern and contemporary art, performance and film. Noteworthy exhibitions , among others, were on view during FY 2016: Edgar Degas: A Strange New Beauty, Bruce Connor: It's All True, Marcel Broodthaers, Jackson Pollock: A Collection Survey, 1934-1954, The Forever Now: Contemporary Painting in an Atemporal World, Latin America in Construction: Architecture 1955-1980, One-Way Ticket: Jacob Lawrence's Migration Series and Other Visions of the Great Movement North, Yoko Ono: One Woman Show, 1960-1971,Joaquín Torres-García: The Arcadian Modern,Walid Raad,Picasso Sculpture, Andy Warhol: Campbell's Soup Cans and Other Works, 1953-1967. 40624564 0 17209814 In FY 2016, over 1,500 works were added to the collection, both by donation and by purchase. Many of the notable acquisitions will be included in forthcoming exhibitions including ten photographs by Joseph Albers from his tenure at the German Bauhaus in the 1920s; and Adrian Piper's Barbie Doll Drawings, thirty-five sketches that form the conceptual foundation of the American artist's first mature works. Major works from Latin America include Léon Ferrari's monumental stainless steel sculpture, "Planet" (1979), and an eighty-two foot long frieze of painted panels by the Argentine architect Clorindo Testa, titled Dwelling, Circulation, Work and Leisure (1974). The Museum also acquired all of the unique film materials by the renowned photographer Robert Frank spanning the entirety of his film career including his 1972 landmark documentary of the Rolling Stones. In addition, the Museum now owns Richard Serra's Equal (2015), a major work announced for acquisition in FY 2015. Among the many other works by contemporary artists, MoMA acquired major works of photography and media by the Egyptian-born artist Basim Magdy whose work was featured in the recent New Photography exhibition. 35025418 0 0 Security, operations, and maintenance of exhibition galleries and art collection. 0 0 0 196278442 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 0 0 1 660 0 1 1269 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 46 43 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VT WA WI WV X X John C Bailey - Controller 2127089801 11 West 53rd Street New York NY 10019 David Rockefeller Honorary Chairman/Life Trustee 0.5 0 X X 0 0 0 Ronald S Lauder Honorary Chairman/Trustee 1 0 X X 0 0 0 Robert B Menschel Chairman Emeritus/Life Trustee 0.5 0 X X 0 0 0 Agnes Gund President Emerita/Life Trustee 0.5 0 X X 0 0 0 Donald B Marron President Emeritus/Life Trustee 0.5 0 X X 0 0 0 Jerry I Speyer Chairman/Trustee 1 0 X X 0 0 0 Leon D Black Co-Chairman/Trustee 1 0 X X 0 0 0 Marie-Josee Kravis President /Trustee 1 0 X X 0 0 0 Sid R Bass Vice Chairman/Trustee 1 0 X X 0 0 0 Mimi Haas Vice Chairman/Trustee 1 0 X X 0 0 0 Marlene Hess Vice Chairman/Trustee 1 0 X X 0 0 0 Richard E Salomon Vice Chairman/Treasurer/Trustee 1 0 X X 0 0 0 Wallis Annenberg Trustee 0.5 0 X 0 0 0 Lawrence B Benenson Trustee 1 0 X 0 0 0 Clarissa Alcock Bronfman Trustee 0.5 0 X 0 0 0 David Booth Trustee as of June 2016 1 0 X 0 0 0 Patricia Phelps de Cisneros Trustee 1 0 X 0 0 0 Paula Crown Trustee 1 0 X 0 0 0 Edith Cooper Trustee as of January 2016 1 0 X 0 0 0 Steven Cohen Trustee as of June 2016 1 0 X 0 0 0 David Dechman Trustee 1 0 X 0 0 0 Anne Dias Trustee 1 0 X 0 0 0 Glenn Dubin Trustee 1 0 X 0 0 0 John Elkann Trustee 1 0 X 0 0 0 Laurence D Fink Trustee 1 0 X 0 0 0 Glenn Fuhrman Trustee 1 0 X 0 0 0 Kathleen Fuld Trustee 1 0 X 0 0 0 Howard Gardner Trustee 1 0 X 0 0 0 Alexandra A Herzan Trustee 1 0 X 0 0 0 Ronnie Heyman Trustee 1 0 X 0 0 0 AC Hudgins Trustee 1 0 X 0 0 0 Jill Kraus Trustee 1 0 X 0 0 0 Thomas H Lee Trustee 0 0 X 0 0 0 Michael Lynne Trustee 1 0 X 0 0 0 Khalil Gibran Muhammad Trustee as of October 2015 1 0 X 0 0 0 Philip S Niarchos Trustee 1 0 X 0 0 0 James G Niven Trustee 1 0 X 0 0 0 Peter Norton Trustee 1 0 X 0 0 0 Daniel S Och Trustee 1 0 X 0 0 0 Maja Oeri Trustee 1 0 X 0 0 0 Michael S Ovitz Trustee 1 0 X 0 0 0 Ronald O Perelman Trustee 1 0 X 0 0 0 David Rockefeller Jr Trustee 1 0 X 0 0 0 Sharon Percy Rockefeller Trustee 1 0 X 0 0 0 Marcus Samuelsson Trustee 1 0 X 0 0 0 Anna Deavere Smith Trustee 1 0 X 0 0 0 Ricardo Steinbruch Trustee 1 0 X 0 0 0 Daniel Sundheim Trustee 1 0 X 0 0 0 Alice M Tisch Trustee 1 0 X 0 0 0 Gary Winnick Trustee 1 0 X 0 0 0 Eli Broad Life Trustee 0.5 0 X 0 0 0 Douglas S Cramer Life Trustee 0.5 0 X 0 0 0 Joel S Ehrenkranz Life Trustee 0.5 0 X 0 0 0 Gianluigi Gabetti Life Trustee 0.5 0 X 0 0 0 Barbara Jakobson Life Trustee 0.5 0 X 0 0 0 Werner H Kramarsky Life Trustee 0.5 0 X 0 0 0 June Noble Larkin Life Trustee 0.5 0 X 0 0 0 Peter G Peterson Life Trustee 0.5 0 X 0 0 0 Emily Rauh Pulitzer Life Trustee 0.5 0 X 0 0 0 Anna Marie Shapiro Life Trustee 0.5 0 X 0 0 0 Jeanne C Thayer Life Trustee 0.5 0 X 0 0 0 Joan Tisch Life Trustee 0.5 0 X 0 0 0 Edgar Wachenheim III Life Trustee 1.0 0 X 0 0 0 Glenn D Lowry Director/Ex-Officio Trustee 40 0 X 1214629 0 984275 James Gara Chief Operating Officer/Assistant Treasurer 40 0 X 1021075 0 465595 Patty Lipshutz General Counsel/Secretary 40 0 X 416948 0 175139 Frank Ahimaz Chief Investment Officer 40 0 X 883742 0 395147 Kathy Halbreich Associate Director 40 0 X 464140 0 80977 Todd Bishop Senior Deputy Director of External Affairs 40 0 X 427630 0 166637 Peter Reed Senior Deputy Director for Curatorial Affairs 40 0 X 375559 0 150817 Ramona Bannayan Senior Deputy Director for Exhibitions 40 0 X 324580 0 69186 Jan Postma Chief Financial Officer 40 0 X 325997 0 55605 Ann Temkin Chief Curator - Painting and Sculpture 40 0 X 317216 0 78937 Klaus Biesenbach Chief Curator at Large 0 40 X 0 517259 32602 Tunji Adeniji Director of Facilities and Security 40 0 X 261616 0 30316 Rajendra Roy Chief Curator - Film 40 0 X 276267 0 57715 Christophe Cherix Chief Curator - Prints & Illustrated Books 40 0 X 312381 0 59226 Quentin Bajac Chief Curator - Photography 40 0 X 259602 0 19377 Stuart Comer Chief Curator-Media & Performance Art 40 0 X 236217 0 15204 Martino Stierli Chief Curator-Arch. and Design started 3/2015 40 0 X 221441 0 13175 Anthony Wai Director of Investments 40 0 X 396609 0 228785 Thomas Randon General Mgr - Retail 40 0 X 426533 0 26180 Jean Savinsky Dir. Real Estate Expansion 40 0 X 398607 0 77434 Ruth Shapiro Director, Business Development 40 0 X 268284 0 156509 Christopher Hudson Publisher 40 0 X 331237 0 87646 9160310 517259 3426484 158 0 1 0 Diller Scofidio and Renfro 601 West 26 Street New York NY 10001 Architect 10172087 Co Collective LLC 419 Park Avenue South New York NY 10016 Strategic Planning 1709774 The Pub LLC 419 Park Avenue South New York NY 10016 Marketing 366233 Proskaur Rose LLP Eleven Time Square New York NY 10036 Legal Services 356382 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 Audit Fees 341142 13 X 0 3914250 8285026 0 142384 289482929 34392142 301824589 Admissions 712100 29414572 29414572 0 0 Exhibition Tour Income 712100 805530 805530 0 0 3738219 3738219 0 0 33958321 13368391 0 968968 12399423 0 0 0 0 0 0 0 0 1815943 0 213920 0 1602023 0 1602023 0 0 1602023 228192000 17228694 219510234 0 8681766 17228694 25910460 17228694 0 8681766 383030 8285026 1526214 -1143184 0 -1143184 0 0 0 0 0 0 57139574 28067850 29071724 25966863 3104861 0 Museum Restaurants 722100 1160644 0 0 1160644 Corporate Events 900099 2655464 1813691 841773 0 0 0 0 0 3816108 408408432 78967569 4915602 22700672 X 964000 964000 0 0 0 0 0 0 10193062 2857317 6850793 484952 0 0 0 0 59975052 50532764 5265226 4177062 8575398 6524918 1480725 569755 12791809 9733135 2208778 849896 4865227 4017929 560133 287165 0 0 0 940907 0 940907 452284 0 452284 50000 0 50000 100000 100000 8019997 0 8019997 16478383 11327127 2889738 2261518 5725363 3616928 0 2108435 13219755 11500201 1089566 629988 1146056 0 1146056 0 136485 136485 0 0 14498264 11522183 1140949 1835132 3439659 3193770 185504 60385 0 0 0 0 9759050 9210110 365960 182980 0 0 0 0 27076003 21255091 5633802 187110 2323102 2248145 49971 24986 Acquisition of Art 40624564 40624564 0 0 Membership Dues & Subscriptions 344524 219412 121533 3579 Administrative and Other Expenses 7315929 6794363 256102 265464 0 0 0 0 249014873 196278442 38708024 14028407 8810455 10475508 75028374 141460950 190257879 280050261 7851836 4994855 0 0 0 0 0 0 12680114 13830505 9007607 12346824 827092820 339975617 468980429 487117203 589904848 546639594 317341740 291713615 0 0 0 0 38083331 35455220 1717946613 1824084535 46857126 61927568 0 0 2309589 7346633 247765857 244606291 0 0 5756699 7345413 0 0 17800000 18000000 59749540 70976498 380238811 410202403 X 762987442 661282112 326845293 472211028 247875067 280388992 1337707802 1413882132 1717946613 1824084535 X 159393559 -74888108 0 0 0 -8331121 X 0 1 X 1 0 X 99837516 88978253 123940602 135284742 301824589 749865702 0 0 0 0 0 0 0 0 0 0 0 0 99837516 88978253 123940602 135284742 301824589 749865702 749865702 15783171 15630866 16484359 13641465 15184334 76724195 1159754 0 1735350 789462 999201 4683767 4744645 4259230 4399438 4287220 4199138 21889671 853163335 41613848 0.87892 0.78603 X Schedule A, Part II, Line 10 Other income includes gross income from fundraising and corporate events and ancillary revenue from the restaurant operations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 50000 50000 248864873 248914873 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 90000 60000 60000 50000 260000 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 0 0 X X X X 0 605972000 254380000 -30458000 0 45573000 0 784321000 542464000 86184000 8285000 0 30961000 0 605972000 459691000 70582000 37563000 0 25372000 0 542464000 438939000 37247000 30123000 0 46618000 0 459691000 429992000 41254000 -2947000 0 29360000 0 438939000 0.036 0.358 0.606 0 0 0 91352129 91352129 0 543004838 259715603 283289235 0 4312260 4293489 18771 0 82795107 75966525 6828582 0 105628486 0 105628486 487117203 1215461 F 0 Equity long/short 22919966 F Credit 93146263 F Multi-strat & other 66833277 F Event Driven 25125611 F Private Equity 73518753 F Real Assets 8954284 F 291713615 0 Pension and post retirement benefits 70976498 70976498 351452000 -74888108 0 0 -8695585 -83583693 435035693 11053786 -37681047 -26627261 408408432 273915000 0 0 0 9544875 9544875 264370125 11053786 -26409038 -15355252 249014873 Schedule D, Part III, Line 1 The Museum's collections, acquired through purchase and contributions, are not recognized as assets on the consolidated statements of financial position. Purchases of collection items are recorded in the year in which the items were acquired as decreases in unrestricted net assets. Contributed collection items are not reflected in the consolidated financial statements. Proceeds from deaccessions, which are reflected as increases in temporarily restricted net assets, are used exclusively to acquire other items for the collection. Schedule D, Part III, Line 4 The Museum is chartered as an educational institution whose collection of modern and contemporary art is made available to its members and the public to encourage an ever-deeper understanding and enjoyment of such art by the diverse local, national, and international audiences that it serves. In pursuit of this goal, the Museum has collected over 190,000 works of painting, sculpture, drawing, printmaking, photography, film, performance, media, architecture, and industrial and graphic design. Through the leadership of its Board of Trustees and staff, the Museum strives to establish, reserve, and document a permanent collection of the highest order that reflects the vitality, complexity and unfolding patterns of modern and contemporary art; present exhibitions and educational programs of unparalleled significance; sustain a library, archives and conservation laboratory that are recognized as international centers of research; and support scholarship and publications of preeminent intellectual merit. Schedule D, Part V, Line 4 The Museum's endowment funds consist of approximately 150 individual funds established for a variety of purposes, including art acquisitions, exhibitions, publications, educational and operating support. Its endowment includes both donor restricted endowment funds and funds designated by the Board to function as endowments. As required by Generally Accepted Accounting Principles, net assets associated with endowments funds, including funds designated by the board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The long term focus of the Museum's investment portfolio is to support the Museum's mission by providing a reliable source of funds for current and future use. Schedule D, Part XI, Line 2d Primarily defined benefit plan changes other than net periodic benefit costs ($8,695,585). Schedule D, Part XI, Line 4b Primarily consists of cost of goods sold on retail operations ($28,067,850), amounts related to special events $1,526,214, and related organizations which file a separate return ($11,272,949). Schedule D, Part XII, Line 2d Primarily related to organizations which file a separate return $9,544,875 and change in swap valuation ($364,466). Schedule D, Part XII, Line 4b Primarily consists of cost of goods sold on retail operations ($28,067,850), amounts related to special events $1,526,214, expenses related to traveling exhibitions $448,534. Central America and the Caribbean 0 0 Investments 121581455 Europe (including Iceland and Greenland) 0 0 Investments 52075355 North America (including Canada and Mexico, but not the United States) 0 0 Investments 7340647 East Asia and the Pacific 0 0 Investments 3250747 Middle East and North Africa 0 0 Investments 966917 0 0 185215121 1 0 1 1 1 0 Schedule F, Part I, Line 1 The Museum of Modern Art invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation, passive foreign investment company, or foreign partnership. Nevertheless, the Museum's investment activities may not reach the thresholds required for filing the Forms 926, 5471, 8621 or 8865. To the extent such a form was completed, it has been filed with the Museum's Form 990-T. X X X X X X 1 John Brown Limited Inc PO Box 296 Petersborough NH 03458 Develop and strategize for Museum building project. 0 0 100000 -100000 0 100000 -100000 AL AR CA CO CT DE FL GA HI ID IL IN KS KY LA MA MD ME MI MN MS MT NC ND NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY Party in the Garden 4196026 4012336 183690 0 0 51777 216173 145751 673243 DR Luncheon 2824794 2771594 53200 0 0 7694 46025 2980 69573 2 1647236 1501096 146140 0 0 66369 86971 22955 136703 8668056 8285026 383030 0 0 125840 349169 171686 879519 1526214 -1143184 1 PS1 Contemporary Art Center Inc 46-01 21st Street Long Island City NY 11101 237379091 501c(3) 964000 0 Operating Support 1 0 Schedule I, Part I, Line 2 The Museum as sole Member of PS1 Contemporary Art Center, Inc (DBA MoMA PS1). In 2000 MoMA PS1 and the Museum entered into an affiliation to promote the study, knowledge, enjoyment and appreciation of modern and contemporary art through a collaborative program of exhibitions, research, special projects and other educational and curatorial activities. MoMA PS1 retained its separate corporate status and is a support corporation of the Museum with the Museum as its sole corporate member. The Museum has the right to appoint all members of the MoMA PS1 board of Directors. MoMA PS1 and the Museum entered into a management assistance and services agreement whereby the Museum provides management assistance and service to MoMA PS1 in certain areas, including accounting and payroll, fundraising and development, coordination of MoMA PS1's information technology, insurance and legal affairs. X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 Glenn D Lowry Director/Ex-Officio Trustee 820069 0 381924 0 12636 0 633228 0 351047 0 2198904 0 0 0 James Gara Chief Operating Officer/Assistant Treasurer 481857 0 518446 0 20772 0 435097 0 30498 0 1486670 0 518446 0 Patty Lipshutz General Counsel/Secretary 396176 0 0 0 20772 0 144092 0 31047 0 592087 0 0 0 Frank Ahimaz Chief Investment Officer 555284 0 310328 0 18130 0 369454 0 25693 0 1278889 0 310328 0 Kathy Halbreich Associate Director 443855 0 0 0 20285 0 66935 0 14042 0 545117 0 0 0 Todd Bishop Senior Deputy Director of External Affairs 359166 0 50000 0 18464 0 140933 0 25704 0 594267 0 50000 0 Peter Reed Senior Deputy Director for Curatorial Affairs 372981 0 0 0 2578 0 123721 0 27096 0 526376 0 0 0 Ramona Bannayan Senior Deputy Director for Exhibitions 323807 0 0 0 773 0 37277 0 31909 0 393766 0 0 0 Jan Postma Chief Financial Officer 325684 0 0 0 313 0 18333 0 37272 0 381602 0 0 0 Ann Temkin Chief Curator - Painting and Sculpture 297896 0 0 0 19320 0 53230 0 25707 0 396153 0 0 0 Klaus Biesenbach Chief Curator at Large 0 516629 0 0 0 630 0 30000 0 2602 0 549861 0 0 Tunji Adeniji Director of Facilities and Security 243021 0 0 0 18595 0 15900 0 14416 0 291932 0 0 0 Rajendra Roy Chief Curator - Film 276016 0 0 0 251 0 26206 0 31509 0 333982 0 0 0 Christophe Cherix Chief Curator - Prints & Illustrated Books 306719 0 0 0 5662 0 31113 0 28113 0 371607 0 0 0 Quentin Bajac Chief Curator - Photography 259047 0 0 0 555 0 0 0 19377 0 278979 0 0 0 Stuart Comer Chief Curator-Media & Performance Art 235894 0 0 0 323 0 0 0 15204 0 251421 0 0 0 Martino Stierli Chief Curator - Architecture and Design started 3/2015 221275 0 0 0 166 0 0 0 13175 0 234616 0 0 0 Anthony Wai Director of Investments 296231 0 100000 0 378 0 208900 0 19885 0 625394 0 100000 0 Thomas Randon General Mgr - Retail 308963 0 100000 0 17570 0 10788 0 15392 0 452713 0 0 Jean Savinsky Dir. Real Estate Expansion 347641 0 50000 0 966 0 57437 0 19997 0 476041 0 0 0 Ruth Shapiro Director, Business Development 241666 0 25000 0 1618 0 121799 0 34710 0 424793 0 0 0 Christopher Hudson Publisher 311433 0 0 0 19804 0 68179 0 19467 0 418883 0 0 0 Schedule J, Part I, Line 1a As a condition of employment, the Museum requires the Director to reside in the Museum's apartment on the premises in Museum Tower in furtherance of the Museum's operations and mission and for the convenience of the Museum. Health club membership dues of the Director are paid for by the Museum and included in the Director's compensation. Schedule J, Part I, Line 4 Commencing with Fiscal Year 2014 and included in column B for Glenn Lowry, Director, is an accrual of $560,261, for a multi-year supplemental employee retirement plan. Schedule J, Part I, Line 7 Glenn Lowry - Director Full-time employee, officer and ex-officio trustee. In 2016 Glenn Lowry earned $820,069 in base compensation as well as (ii) an annual bonus of $381,924 included in column B. These numbers compare to $828,710 and $370,800 in 2015. Commencing with Fiscal Year 2014 and included in column C, is an accrual of $560,261, for a multi-year supplemental employee retirement plan. The cumulative accrual through June 30, 2016 for Fiscal Year 2014, 2015 and 2016 is $1,680,783. James Gara - Chief Operating Officer and Assistant Treasurer Full-time employee and officer, but not a trustee. Included in column B(ii), are amounts attributable to earned and paid portions of a performance-based bonus. The performance bonus was awarded based on the achievement by Mr. Gara of certain service and performance requirements in areas such as in operations and investments. Patty Lipshutz - General Counsel and Secretary Full-time employee and officer but not a trustee. Frank Ahimaz - Chief Investment Officer Full-time employee but not Trustee. Eligible for retention and annual bonus based on achievement of performance measures. An annual performance bonus plan was paid in 2015 and is included in compensation. Anthony Wai - Director of Investments Full-time employee but not Trustee. Eligible for retention and annual bonus based on achievement of performance measures. An annual performance bonus was paid in 2015 and is included in compensation. Todd Bishop - Senior Deputy Director - External Affairs Full-time employee but not Trustee. Included in column (B)(ii) is a performance bonus. A portion of the performance bonus plan was paid in 2015 and is included in compensation. The plan was subject to the achievement of service and performance requirements. Klaus Biesenbach - Director of MoMA PS1 Biesenbach receives compensation from MoMA PS1. He also serves as MoMA's Chief Curator at Large. A The Trust for Cultural Resources of City of New York Series 2008 1A 911882413 649717PC3 2008-07-23 202520188 Refund various Bonds of Issuer 0 0 0 B The Trust for Cultural Resources of City of New York Series 2010 1A 911882413 649717QL2 2010-07-29 64582831 Refund Issuer's 2008 One-A and pay costs of issuance 0 0 0 C The Trust for Cultural Resources of City of NY Series 2012 1D and Series 2012A 911882413 649717RM9 2012-05-01 104770510 Refund Issuer's 1996A, 2001A, 2001-One-D, and pay costs of issuance 0 0 0 A 64210000 0 202818443 0 0 0 1080188 0 0 0 201738255 0 1 0 1 1 B 0 0 64593399 0 0 0 433188 0 0 0 64160211 0 1 0 1 1 C 12060000 0 104778309 0 0 0 733735 0 0 0 104033045 11529 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 1 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I-07/23/2008 202,520,188 The Trust for Cultural Resources of Part II, line 13 - Since the proceeds of all Bonds are used fo refunding purposes, the year of substantial completion is not applicable. Schedule K, Part I-07/29/2010 64,582,831 The Trust for Cultural Resources of Part II, line 13 - Since the proceeds of all Bonds are used fo refunding purposes, the year of substantial completion is not applicable. Schedule K, Part I-05/01/2012 104,770,510 The Trust for Cultural Resources of Part II, line 13 - Since the proceeds of all Bonds are used fo refunding purposes, the year of substantial completion is not applicable. Schedule K, Part I, Column c-07/23/2008 202,520,188 The Trust for Cultural Resources of CUSIP listed matches the one listed on the Issuer's Form 8038. However, this is not the final CUSIP number for the Bonds. The final CUSIP number is 649717PD1 corresponding to the final maturity of 4/1/31. Schedule K, Part I, Column c-05/01/2012 104,770,510 The Trust for Cultural Resources of CUSIP listed matches the one listed on the Issuer's Form 8038. However this is not the final CUSIP number for the Bonds. The final CUSIP number is 649717RM9 corresponding to the final maturity of 4/1/23. Schedule K, Part I, Column f-07/23/2008 202,520,188 The Trust for Cultural Resources of Bonds refunded by 2008-One-A Bonds: Issuer's 2000-One-A (issued 3/14/00), 2000-One-B (issued 3/14/00), 2001-One-A (issued 12/13/01), 2001-One-B (issued 12/13/01), 2001-One-C (issued 12/13/01). Schedule K, Part I, Column f-07/29/2010 64,582,831 The Trust for Cultural Resources of The 2010-One-A Bonds refunded a portion of the Issuer's 2008-One-A Bonds (issued 7/23/08). Schedule K, Part I, Column f-05/01/2012 104,770,510 The Trust for Cultural Resources of Bonds refunded by 2012 Bonds: Issuer's 1996A (issued 11/20/96), 2001A (12/13/01), and 2001-One-D (issued 12/31/01). Schedule K, Part II, Line 3-07/23/2008 202,520,188 The Trust for Cultural Resources of Amount listed differs from the issue price in Part I, (e), due to investment earnings from refunding escrows. Schedule K, Part II, Line 3-07/29/2010 64,582,831 The Trust for Cultural Resources of Amount listed differs from the issue price in Part I, (e), due to investment earnings from refunding escrows. Schedule K, Part II, Line 3-05/01/2012 104,770,510 The Trust for Cultural Resources of Amount listed differs from the issue price in Part I, (e), due to investment earnings from refunding escrows. Schedule K, Part IV, Line 2b-07/23/2008 202,520,188 The Trust for Cultural Resources of The issue qualified for a spending exception to rebate. No rebate claculation has been or will ever be made, before or after the due date of an 8038-T Top of the Rock LLC Trustee 216510 see comment 0 Deluxe Media Services LLC Trustee 141527 see comments 0 Schedule L, Part IV The Museum has an agreement with Top of the Rock, LLC which provides for each of the Museum and Top of the Rock to sell "combo packages" of admission tickets at a discount, to each of the Museum and Top of the Rock. The Museum and Top of the Rock each remit funds to the other for admission tickets sold for entrance to the others venue. Two Trustees of the Museum, Paula Crown & Jerry Speyer, have direct or indirect financial interests in Top of the Rock. In addition, these Trustees also have direct and indirect interests together in entities that own real estate investment properties around the world. Deluxe Media LLC is a company which a trustee, Ronald Perelman, owns a controlling interest. MoMA has used restoration and preservation services from this company in the normal course of business. X 676 0 not applicable X 46 34392142 settlement 30 0 1 1 Schedule M, Part I Nonmonetary contributions are recorded at estimated fair value at date of receipt if the Museum received certain goods and services that meet criteria under generally accepted accounting principles for recognition as contributions. In accordance with Accounting Standards Codification (formally FASB Statement of Financial Accounting Standards 116), the Museum does not treat donations of art as revenue or record these art works on the Statement of Financial Position as these art works are used to support the Museum's educational mission. Proceeds from the deaccession of artwork are used solely to acquire other items for the collection. Schedule M, Part I, Line 1 Loans of art work to the Museum - From time to time Trustees of the Museum may loan artworks to the Museum for a limited duration of time for specific exhibitions. Schedule M, Part I, Line 3 Gifts of art work are considered by individual item. Schedule M, Part I, Line 9 Gifts of stock from the same person, on the same trade date, are considered in the aggregate as one gift. Schedule M, Part I, Line 32b A third party bank is authorized to sell donated securities as soon as possible upon confirmation by the Museum. The Museum also contracts periodically with various auction houses to facilitate approved deaccessioned of art work. Form 990, Part III, Line 1 The Museum of Modern Art is a private, nonprofit educational institution chartered by the State of New York in 1929 to foster public awareness of modern and contemporary art. In pursuit of this goal, the Museum has collected over 195,000 works of art, including works of paintings, sculpture, drawing, printmaking, photography, film, media, performance, architecture, and industrial and graphic design. The Museum also operates a publishing program, conducts an extensive educational program, and maintains a major library and archives. Its exhibitions are circulated nationally and internationally. The Museum's primary sources of support are admissions fees and membership dues, grants from individuals, foundations, and corporations, endowment income and revenue from retail sales of Museum related products. The Museum is managed by a Board of Trustees, consisting of 46 voting members. A Director and an administrative and curatorial staff oversee its operations and implement policy set by the board. Each year the Museum acquires through donation or purchase, in each of its curatorial departments, numerous works for its permanent collection. Acknowledged worldwide for its collection of 20th and 21st century art, the Museum has been instrumental in introducing the art of this period into the mainstream of modern life. The range of the museum's program of temporary exhibitions extends from retrospective studies of the work of major modern and contemporary artists to examinations of the cultural and aesthetic contexts of major historical moments, and also supports the work of less well known living artists through continuing exhibitions to review the latest trends in contemporary art. The Museum's programs are organized through six curatorial (Drawings & Prints, Paintings & Sculptures, Architecture & Design, Film, Photographs, Media & Performance Art) and a number of curatorial support departments. The curatorial support departments include collection care, collection exhibition technology, conservation, exhibition administration, exhibition design and production, film operations and preservation, imaging, digital media, outgoing loans, provenance, and registrar. In addition, the quality and depth of the Museum's collection enable the Museum to maintain an extensive loan program, which serves institutions both in the United States and abroad. Each year the Museum lends numerous works beyond those exhibited in its own galleries. The Museum was founded in 1929 as an educational institution and maintains a vast breadth of educational programming, which increased in the years after the opening of the renovated and expanded main facility in 2004. An estimated one million individuals participate in targeted educational programs onsite, online, and in our community each year and all Museum visitors have access to many forms of educational resources that complement the collection and exhibitions. These resources include information labels public tours and audio tours in ten languages as well as visual description tours for the blind and partially sighted and others with disabilities. The Education Center provides a central location for a wide array of educational resources including three classrooms, a theater, a publicly accessible library, an archive reading room, and three curatorial study centers, and MoMA's online self guided courses. Educational programs take place throughout the week. In recent years, the Museum has strengthened efforts of engaging a global community and now provides a wealth of educational resources to individuals around the world, including free online courses and live streamed public programs, among others. Form 990, Part VI, Section A, Line 2 Other than in the ordinary course of business, two trustees of the Museum have direct or indirect financial interests in Top of the Rock, an observation deck in Rockefeller Center. The Museum has an agreement with Top of the Rock, LLC which provides for each of the Museum and Top of the Rock to sell "combo packages" of admission tickets at a discount, to each of the Museum and Top of the Rock. In addition, these Trustees also have direct and indirect interests together in entities that own real estate investment properties around the world. Form 990, Part VI, Section B, Line 11b The Museum's form 990 is drafted by the Museum's Controller's Office with input from many Museum departments. It is then reviewed by Museum senior staff including the Director, the Chief Operating officer, the Chief Financial Officer, and the General Counsel, as well as by external tax advisors. The 990 is then presented to the Museum's Audit Committee of the Board of Trustees for review and approval. A copy of the 990 is provided to each member for the Board of Trustees electronically or in printed copy prior to filing the return. The 990 is available to the public through the Museum's website www.moma.org. Form 990, Part VI, Section B, Line 12c On an annual basis, the Museum distributes its Code of Conduct and form 990 questionnaire to all Trustees and designated employees and requires that Conflict of Interest Questionnaires be completed and returned for initial review by the Office of the General Counsel and the Director of Human Resources respectively. Amongst other things, the Conflict of Interest Questionnaire requires the responder: confirm that he or she has read and understands the Code of Conduct, agree to abide by it, identify whether he or she or a family member has any relationship with the Museum that may represent a conflict of interest as defined by the Code and report any knowledge of a transaction which should be reported under the Code, etc. When potential employee conflicts of interest are reported or identified, when necessary, an investigation is conducted to determine the facts and circumstances and recommendation of action, if warranted. Such action may include, but is not limited to, prohibiting the individual from participating in deliberations and decisions regarding the transaction in question, or taking disciplinary action, which in appropriate circumstances may include suspension or termination. The employee's supervisor is notified of an employee with identified conflicts and the action to be taken, if any. When potential Trustee conflicts of interest are reported or identified, the General Counsel's office makes a report to a committee of the Board of Trustees with a recommendation for action, if warranted, including but not limited to disclose to the Board of Trustees, prohibiting the Trustee from participating in and/or voting on the transaction in question, resignation from the Board of Trustees, etc. The Code of Conduct further provides that the committee make a recommendation to the Chairman of the Board for decision by the Board. Form 990, Part VI, Section B, Line 15 The process for determining the compensation for the Museum Director and certain key employees includes reviews and approval by the Board of Trustees' Compensation Subcommittee of the Executive Committee (the "committee") a committee of the governing body consisting of independent trustees, and not including the Director or other staff members. In making its determination, the Committee obtains and reviews comparability data with respect to compensation levels paid for comparable job positions obtained through the assistance of an expert compensation consultant which, in appropriate instances, includes survey data regarding compensation levels paid by similarly situated organizations for comparable employment positions, form 990 data from other leading museums and cultural and education institutions, as well as for profit institutions which may be interested in recruiting the Museum staff. The determination, deliberation and decisions made by the Committee are contemporaneously substantiated and documented in minutes of the meeting which include the Committee members present and participating, the compensation terms approved, the data relied upon and how it was obtained. The Committee periodically meets and reviews, the last meeting was held in October, 2016. Form 990, Part VI, Section C, Line 19 The Museum's governing documents are available for review. Conflict of Interest policy, Code of Conduct policy, prior years Audited Financial Statements and prior years 990 are available to the public through the Museum's website www.moma.org. Form 990, Part VIII, Line 1f Included in all other contributions, gifts and grants is $222M designated for a multi-year project comprised of development, construction and integration of a to-be-constructed Museum-owned condominium unit (part of a mixed use facility adjacent to the Museum) into the current galleries of the Museum's main facility, construction and equipping new galleries at an adjacent property, and planning and design renovation changes to the Museum's main facility. Form 990, Part IX, Line 25 For FY2016, fundraising expenses totaled $14,028,407. Fundraising activities included membership, development and cultivation expenses encompassing all costs attributable to a complete range of fundraising activities including museum operations, endowment and art acquisitions. These costs also include current and future donor cultivation, acquisition and retention of membership, membership fulfillment costs, fundraising events for the benefit of the Museum and contribution processing and acknowledgement. Form 990, Part XI, Line 9 Other changes in net assets include defined benefit plan changes other than periodic benefit costs $8,695,585, changes in valuation of interest rate swap $364,466. Modern and Contemporary Art Support Corp 11 West 53rd Street New York NY 10019 133910972 Receive, acquire & hold title in ppty DE 501 (c) 3 11 - Type 1 N/A 1 MoMA Auxiliaries 11 West 53rd Street New York NY 10019 133975341 Manage Retail Operations DE 501 (c) 3 11 - Type 1 N/A 1 PS1 Contemporary Art Center Inc 46-01 21st Street Long Island City NY 11101 237379091 Contemporary Art Exhibitions NY 501 (c) 3 7 N/A 1 The International Council of The Museum of Modern Art 11 West 53rd Street New York NY 10019 136143744 Support Corporation NY 509 (a) 3 N/A 0 AFE LLC 11 West 53rd Street New York NY 10019 202379359 Real Estate NY N/A Related -282807 3951223 0 1 1 Alta Cultura 11 West 53rd Street New York NY 10019 134114902 General Business Corporation DE N/A C 0 857198 1 0 5 Charitable Trusts N/A Various NY 10019 Trust NY N/A T 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 PS1 Contemporary Art Center Inc b 964000 cost method PS1 Contemporary Art Center Inc d 2000000 fair market value PS1 Contemporary Art Center Inc l 731532 cost method The International Council of The Museum of Modern Art c 606079 fair market value The International Council of The Museum of Modern Art o 391609 cost method The International Council of The Museum of Modern Art q 19413 cost method MoMA Auxiliaries p 3293823 cost method Modern and Contemporary Art Support Corp p 381721 cost method Modern and Contemporary Art Support Corp s 25431311 cost method Schedule R, Part V, Line 1d There is a $2 million line of credit guaranteed by MoMA.