2015-05-15T09:51:06-07:00 2014-06-30 990 2013-07-01 131624100 MUSEUM OF MODERN ART MUSE 2127089801 11 West 53rd Street New York NY 10019 James Gara Chief Operating Officer 2127089801 2015-05-14 2013 2016-04-25 22:37:26Z Marie-Josee Kravis 11 West 53rd Street New York NY 10019 566528643 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. 43 38 1224 396 6173345 1433642 88978253 123940602 36801669 35241021 58540049 131081567 29802187 31020036 214122158 321283226 1067150 599390 0 0 84974132 87012505 50000 300000 14484044 134751650 136208361 220842932 224120256 -6720774 97162970 1511429623 1630045534 424623285 422132667 1086806338 1207912867 X See schedule O 0 0 103755103 599390 35241021 Museum Operations - Curatorial and curatorial support departments include conservation, education, exhibitions, 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 2014, over 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 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 2013-14 special exhibition schedule showcased a broad range of modern and contemporary art, performance and film. Noteworthy exhibitions included:Le Corbusier: An Atlas of Modern Landscapes (6/15/2013-9/23/2013); Alibis: Sigmar Polke 1963-2010 (4/19/2014-8/3/2014); Isa Genzken: Retrospective (11/23/2013-3/10/2014); Musée de la danse: Three Collective Gestures (10/18/2013-11/3/2013); Magritte: The Mystery of the Ordinary, 1926-1938 (9/28/2014-1/12/2014); Isaac Julien: Ten Thousand Waves(2/2014); Gauguin: Metamorphoses (3/8/2014-6/8/2014); Frank Lloyd Wright and the City: Density and Dispersal(2/1//2014-6/1/2014); The Aesthetics of Shadow (4/2014); The Berlin School (11/20/2013-12/6/2013): Films from the Berliner Robert Heinecken: Object Matter(3/15/2014-9/7/2014); Soundings: A Contemporary Score (8/10/2013-11/3/2013); Lygia Clark: The Abandonment of Art, 1948-1988 (5/10/2014-8/24/2014). 33265287 0 29801089 Notable acquisitions in FY 2014 included 13 important vintage works from the 1950s by William Klein, an American photographer actively exhibited and collected by MoMA; Tetsumi Kudo's Fossil in Hiroshima (1976), a set of five embossings with spray paint additions by an artist featured in MoMA's recent exhibition Tokyo 1955-1970: A New Avant-Garde; Maria Lassnig's Sciencia (1998), featured at MoMA PS1 this year in the artist's first American retrospective; a set of 24 contemporary films, posters, and accompanying material by the various filmmakers associated with Anna Sanders Films, an avant-garde production company based in Paris; Isa Genzken's Rose II (2007); and Charles Gaines's Manifestos 2 (2013), a new multimedia installation featured in MoMA's Sites of Reason exhibition and performed live at the Museum in September of this year. 25751030 0 0 Security operation and maintenance of exhibition galleries and art collection. 0 0 0 162771420 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 1 1 1 1 0 0 0 1 1 1 0 0 1 572 0 1 1224 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 43 38 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ 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 VA WA WI WV X X John C Bailey - Controller 2127089801 11 West 53rd Street New York NY 10019 David Rockefeller Honorary Chairman/Life Trustee 1 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 1 0 X X 0 0 0 Agnes Gund President Emerita/Trustee 1 0 X X 0 0 0 Donald B Marron President Emeritus/Life Trustee 1 0 X X 0 0 0 Jerry I Speyer Chairman/Trustee 10 0 X X 0 0 0 Marie-Josee Kravis President /Trustee 10 0 X X 0 0 0 Sid R Bass Vice Chairman/Trustee 1 0 X X 0 0 0 Leon D Black Vice Chairman/Trustee 1 0 X X 0 0 0 Mimi Haas 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 Patricia Phelps de Cisneros Trustee 1 0 X 0 0 0 Paula Crown Trustee 1 0 X 0 0 0 David Dechman 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 as of 2/2014 1 0 X 0 0 0 Kathleen Fuld Trustee 1 0 X 0 0 0 Howard Gardner Trustee 1 0 X 0 0 0 Anne Dias Griffin Trustee 1 0 X 0 0 0 Alexandra A Herzan Trustee 1 0 X 0 0 0 Marlene Hess Trustee 1 0 X 0 0 0 Ronnie Heyman Trustee as of 11/2013 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 1 0 X 0 0 0 Michael Lynne Trustee 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 Maja Oeri Trustee 1 0 X 0 0 0 Michael S Ovitz Trustee 1 0 X 0 0 0 David Rockefeller Jr Trustee 1 0 X 0 0 0 Daniel S Och Trustee as of 12/2013 1 0 X 0 0 0 Richard D Parsons Trustee thru 4/2014 1 0 X 0 0 0 Sharon Percy Rockefeller Trustee 1 0 X 0 0 0 Ronald O Perelman 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 Alice M Tisch Trustee 1 0 X 0 0 0 Gary Winnick Trustee 1 0 X 0 0 0 Eli Broad Life Trustee 1 0 X 0 0 0 Douglas S Cramer Life Trustee 1 0 X 0 0 0 Joel S Ehrenkranz Life Trustee 1 0 X 0 0 0 Gianluigi Gabetti Life Trustee 0.5 0 X 0 0 0 Barbara Jakobson Life Trustee 1 0 X 0 0 0 Werner H Kramarsky Life Trustee 1 0 X 0 0 0 June Noble Larkin Life Trustee 1 0 X 0 0 0 Peter G Peterson Life Trustee 0.5 0 X 0 0 0 Emily Rauh Pulitzer Life Trustee 1 0 X 0 0 0 Anna Marie Shapiro Life Trustee 1 0 X 0 0 0 Jeanne C Thayer Life Trustee 0.5 0 X 0 0 0 Joan Tisch Life Trustee 1 0 X 0 0 0 Edgar Wachenheim III Life Trustee 1 0 X 0 0 0 Glenn D Lowry Director/Ex-Officio Trustee 40 0 X 2386719 0 995238 James Gara Chief Operating Officer/Assistant Treasurer 40 0 X 699261 0 705739 Patty Lipshutz General Counsel/Secretary 40 0 X 382657 0 87464 Frank Ahimaz Chief Investment Officer 40 0 X 572051 0 345775 Kathy Halbreich Associate Director 40 0 X 438154 0 93535 Todd Bishop Senior Deputy Director of External Affairs 40 0 X 394182 0 159991 Peter Reed Senior Deputy Director for Curatorial Affairs 40 0 X 348980 0 85830 Ramona Bannayan Senior Deputy Director for Exhibitions 40 0 X 274139 0 144235 Jan Postma Chief Financial Officer 40 0 X 299805 0 41695 Ann Temkin Chief Curator - Painting and Sculpture 40 0 X 270759 0 82220 Klaus Biesenbach Chief Curator at Large 0 40 X 0 307871 6914 Tunji Adeniji Director of Facilities and Security 40 0 X 243126 0 47814 Rajendra Roy Chief Curator - Film 40 0 X 243530 0 54746 Christophe Cherix Chief Curator - Prints & Illustrated Books 40 0 X 260165 0 58642 Quentin Bajac Chief Curator - Photography as of 1/3/2013 40 0 X 315393 0 34959 Barry Bergdoll Chief Curator-Architecture & Design thru 8/31/13 40 0 X 210206 0 56963 Stuart Comer Chief Curator-Media & Performance Art as of 9/23/13 40 0 X 91552 0 11677 Cornelia Butler Chief Curator- Drawings thru 7/1/2013 40 0 X 132640 0 18464 Sabine Breitwieser Chief Curator-Media & Performance Art thru 1/31/2013 40 0 X 100054 0 3050 Anthony Wai Director of Investments 40 0 X 324418 0 181126 Kathy Thornton-Bias General Mgr -Retail thru 2/20/2013 40 0 X 469936 0 5020 Christopher Hudson Publisher 40 0 X 316080 0 92166 Patricia Jeffers Director of Human Resources 40 0 X 268564 0 72488 Juan Montes Chief Technology Officer 40 0 X 275801 0 38424 9318172 307871 3424175 124 0 1 0 Bluewater Communication Group LLC 110 Parkway Drive South Hauppauge NY 11788 Information Technology 1150212 Diller Scofidio and Renfro 601 West 26 Street New York NY 10001 Architect 1002969 Proskaur Rose LLP Eleven Time Square New York NY 10036 Legal Services 447863 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 Audit Fees 348760 Paulette Giguere 303 7th Street Brooklyn NY 11215 Graphics 152445 5 0 3729791 7943959 0 2490100 109776752 15854176 123940602 Admissions 712100 30450967 30450967 0 0 Exhibition Tour Income 712100 2679053 2679053 0 0 2111001 2111001 0 0 35241021 14897348 0 924065 13973283 0 0 0 0 0 0 0 0 1522583 0 234967 0 1287616 0 1287616 0 0 1287616 304035000 29801089 217651870 0 86383130 29801089 116184219 29801089 0 86383130 461680 7943959 1456334 -994654 0 -994654 0 0 0 0 0 0 52691563 25902246 26789317 22400716 4388601 0 Museum Restaurants 722100 1182968 0 0 1182968 Corporate Events 900099 2754789 1894110 860679 0 0 0 0 0 3937757 321283226 89336936 6173345 101832343 599390 599390 0 0 0 0 0 0 7619812 2170478 4948572 500762 0 0 0 0 56436721 44355076 7907358 4174287 8711998 6327700 1748469 635829 9845561 7151030 1975971 718560 4398413 3506262 606486 285665 0 0 0 0 624046 0 624046 0 422175 0 422175 0 60000 0 60000 0 300000 300000 7005364 0 7005364 0 15522091 11060214 2189313 2272564 5826611 3791585 0 2035026 14594802 13026811 1114525 453466 1162059 93499 1068560 0 189168 189168 0 0 14279484 5771470 6469297 2038717 3576106 3256505 238099 81502 0 0 0 0 0 0 0 0 9744082 7862017 1428821 453244 0 0 0 0 26460286 17515043 8763432 181811 2537325 2464516 48539 24270 Acquisition of works of art 33265287 33265287 0 0 Membership Dues and Subscriptions 440209 188862 245765 5582 Administrative & Other Expenses 499266 176507 0 322759 224120256 162771420 46864792 14484044 13425669 5325218 19886660 47850742 170063190 175394056 4867160 7001116 0 0 0 0 0 0 11777030 11209897 10249446 11204529 785090131 294280014 503909023 490810117 380168166 533283330 330438488 305622974 0 0 0 0 66644791 42343555 1511429623 1630045534 43274576 40462963 0 0 51599763 58227286 253684988 250725423 0 0 4314247 5062909 0 0 21000000 17800000 50749711 49854086 424623285 422132667 X 659774226 696358956 181752059 264772919 245280053 246780992 1086806338 1207912867 1511429623 1630045534 X 97162970 25753246 0 0 0 -1809687 X 0 1 X 1 0 X 67986812 91348611 99837516 88978253 123940602 472091794 0 0 0 0 0 0 0 0 0 0 0 0 67986812 91348611 99837516 88978253 123940602 472091794 472091794 13664078 17076148 15783171 15630866 16484359 78638622 0 132868 1159754 0 1735350 3027972 4654878 4839958 4744645 4259230 4399438 22898149 576656537 161975660 0.81867 0.81417 X Schedule A, Part II, Line 10 General Explanation - Other income includes gross income from fundraising and corporate events and ancillary revenue from the restaurant licensing operations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60000 60000 224060256 224120256 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 78500 134000 90000 60000 362500 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 0 0 X X X X 0 459691000 70582000 37563000 0 25372000 0 542464000 438939000 37247000 30123000 0 46618000 0 459691000 429992000 41254000 -2947000 0 29360000 0 438939000 356715000 48006000 23497000 0 -1774000 0 429992000 324195000 34778000 16174000 0 18432000 0 356715000 0.06 0.45 0.49 0 0 0 91352129 91352129 0 537038899 215404589 321634310 0 4427316 4325615 101701 0 81667001 74549810 7117191 0 70604786 0 70604786 490810117 Credit 81161586 F Private Equity 80983384 F Multi-Strategy & Other 76611203 F Event Driven 36586843 F Equity Long/Short 21241958 F Real Assets 8944010 F Fixed Income 93990 F 305622974 0 Pension 49854086 49854086 372229000 25753246 0 0 -2168273 23584973 348644027 8830824 -36191625 -27360801 321283226 248382000 0 0 0 11554193 11554193 236827807 8830824 -21538375 -12707551 224120256 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 175,000 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 $2,168,273. Schedule D, Part XI, Line 4b Primarily consists of cost of goods sold on retail operations ($25,902,246), amounts related to special events, rentals and exhibitions $1,388,867, interest income related to sale of development rights $3,020,000 and related organizations that file separate returns ($14,653,119). Schedule D, Part XII, Line 2d Primarily change in swap valuation $358,587, and related organizations which file a separate return ($11,912,780). Schedule D, Part XII, Line 4b Primarily consists of cost of goods sold on retail operations ($25,902,246), amounts related to special events, rentals and exhibitions $1,623,834, interest income related to development rights $3,020,000 and rental expenses ($234,967). Central America and the Caribbean 0 0 Investments 120522098 Europe (including Iceland and Greenland) 0 0 Investments 41924343 South Asia 0 0 Investments 520982 Middle East and North Africa 0 0 Investments 309679 East Asia and the Pacific 0 0 Investments 4723512 0 0 168000614 1 0 1 1 1 0 X X X X X X 1 John Brown Limited Inc PO Box 296 Peterborough NH 03458 Develop, strategize and fund-raise for Museum expansion project. 0 0 300000 -300000 0 300000 -300000 AL AR AZ CA CO CT DE FL GA HI ID IL IN KS KY LA MA MD ME MI MN MS MT NC ND NE NH NJ NM NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY Party in the Garden 3952630 3752670 199960 0 0 43078 183227 126274 690628 DR Luncheon 3150000 3073800 76200 0 0 8326 59259 0 77144 2 1303009 1117489 185520 0 0 39123 66369 80512 82394 8405639 7943959 461680 0 0 90527 308855 206786 850166 1456334 -994654 1 PS1 Contemporary Art Center Inc 46-01 21st Street Long Island City NY 11101 237379091 501c(3) 599390 Operating Support 1 0 Schedule I, Part I, Line 2 The Museum as sole Member of PS1 Contemporary Art Museum (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 1 0 0 0 0 0 0 1 0 Glenn D Lowry Director/Ex-Officio Trustee 739620 0 1645292 0 1806 0 646259 0 348979 0 3381956 0 1250962 0 James Gara Chief Operating Officer/Assistant Treasurer 438063 0 241892 0 19306 0 675516 0 30223 0 1405000 0 241832 0 Patty Lipshutz General Counsel/Secretary 362497 0 0 0 20160 0 56729 0 30735 0 470121 0 0 0 Frank Ahimaz Chief Investment Officer 409451 0 161970 0 630 0 316874 0 28901 0 917826 0 161970 0 Kathy Halbreich Associate Director 435382 0 0 0 2772 0 62250 0 31285 0 531689 0 0 0 Todd Bishop Senior Deputy Director of External Affairs 351134 0 42500 0 548 0 126632 0 33359 0 554173 0 42500 0 Peter Reed Senior Deputy Director for Curatorial Affairs 347435 0 0 0 1545 0 51155 0 34675 0 434810 0 0 0 Ramona Bannayan Senior Deputy Director for Exhibitions 273508 0 0 0 631 0 112564 0 31671 0 418374 0 0 0 Jan Postma Chief Financial Officer 299527 0 0 0 278 0 13218 0 28477 0 341500 0 0 0 Ann Temkin Chief Curator - Painting and Sculpture 270149 0 0 0 610 0 48867 0 33353 0 352979 0 0 0 Barry Bergdoll Chief Curator - Architecture and Design 209440 0 0 0 766 0 34796 0 22167 0 267169 0 0 0 Klaus Biesenbach Chief Curator at Large 0 307426 0 0 0 445 0 0 0 6914 0 314785 0 0 Tunji Adeniji Director of Facilities and Security 242585 0 0 0 541 0 14768 0 33046 0 290940 0 0 0 Rajendra Roy Chief Curator - Film 243299 0 0 0 231 0 20223 0 34523 0 298276 0 0 0 Christophe Cherix Chief Curator - Prints & Illustrated Books 259907 0 0 0 258 0 28985 0 29657 0 318807 0 0 0 Quentin Bajac Chief Curator - Photography as of January 3, 2013 233051 0 0 0 82342 0 0 0 34959 0 350352 0 0 0 Stuart Comer Chief Curator - Media & Performance Art as of 9/23/13 91454 0 0 0 98 0 0 0 11677 0 103229 0 0 0 Cornelia Butler Chief Curator- Drawings 132354 0 0 0 286 0 0 0 18464 0 151104 0 0 0 Sabine Breitwieser Chief Curator, Media & Performance Art thru January 31, 2013 0 0 0 0 100054 0 0 0 3050 0 103104 0 0 0 Anthony Wai Director of Investments 249188 0 75000 0 230 0 159439 0 21687 0 505544 0 75000 0 Kathy Thornton-Bias General Mgr -Retail thru February 20, 2013 51997 0 0 0 417939 0 0 0 5020 0 474956 0 0 0 Christopher Hudson Publisher 311981 0 0 0 4099 0 62523 0 29643 0 408246 0 0 0 Patricia Jeffers Director of Human Resources 267424 0 0 0 1140 0 39313 0 33175 0 341052 0 0 0 Juan Montes Chief Technology Officer 274835 0 0 0 966 0 11340 0 27084 0 314225 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. Business class travel was in accordance with the Museum's Travel and Expenditure guidelines which allows business class to be the highest level of travel on flights longer than nine hours. Schedule J, Part I, Line 4 Kathy Thornon-Bias $400,000; Sabine Breitwieser $100,000 Schedule J, Part I, Line 7 Glenn Lowry - Full-time employee, officer and ex-officio Trustee. In 2014 Glenn Lowry earned $739,620 in base compensation as well as (ii) an annual bonus of $360,000 included in column B. These numbers compare to $719,013 and $358,813 in 2013. Also included in column B is a multi-year performance bonus which was earned over five years but paid in 2013. This amount earned over five years (2009 - 2013), $1,285,292, was awarded on the basis of evaluated accomplishments in categories both financial (such as budget control, facilities maintenance, attendance, net debt reduction and endowment growth) and programmatic (implementing a global strategy, expansion planning, relationship with MoMAPS1, expanding focus on contemporary art, leading Museum staff) and paid in 2013. Of the amount of multi-year performance bonus paid in 2013, 97% or $1,250,962 of the $1,285,292 had already been reported on previous Form 990's from Fiscal Year 2009-2013. Commencing with Fiscal Year 2014, included in column C, is an accrual in the amount of $560,261, for a multi-year supplemental employee retirement plan (superseding and replacing the prior multi-year performance bonus). 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 multi-year performance bonus, subject to evaluation of the achievement by Mr. Gara of certain service and performance requirements in areas such as in operations, retail and investments. Frank Ahimaz - Chief Investment Officer. Full-time employee but not Trustee. Eligible for retention and annual bonus based on achievement of performance measures. A portion of the bonus plan was paid in 2013 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 multi-year performance bonus. A portion of the multi-year performance bonus plan was paid in 2013 and is included in compensation. The plan was subject to the achievement of service and performance requirements. Klaus Biesenbach is the Director of MoMA PS1 and receives compensation from that entity. 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 5880000 0 104778309 0 0 0 733735 0 0 0 104033045 11529 1 0 1 1 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 0 B 0 C 0 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 Issuers 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 April 1,2031. 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 March 14, 2000), 2000-One-B (issued March 14, 2000), 2001-One-A (issued December 13, 2001), 2001-One-B (issued December 13, 2001), 2001-Once-C (issued December 13, 2001). 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 II, Line 1-07/23/2008 202,520,188 The Trust for Cultural Resources of Part II, line 13: Since the proceeds of all the Bonds are used for refunding purposes, the year of substantial completion is not applicable. Schedule K, Part II, Line 1-07/29/2010 64,582,831 The Trust for Cultural Resources of Part II, line 13: Since the proceeds of all the Bonds are used for refunding purposes, the year of substantial completion is not applicable. Schedule K, Part II, Line 1-05/01/2012 104,770,510 The Trust for Cultural Resources of Part II, line 13: Since the proceeds of all the Bonds are used for refunding purposes, the year of substantial completion is not applicable. Schedule K, Part II, Line 3-07/23/2008 202,520,188 The Trust for Cultural Resources of Columns A, B and C: Amount listed differs from the issue price listed in Part 1(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 Columns A, B and C: Amount listed differs from the issue price listed in Part 1(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 Columns A, B and C: Amount listed differs from the issue price listed in Part1(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 calculation has been or will ever be made, before or after the due date of an 8038T. Schedule K, Part IV, Line 7-07/23/2008 202,520,188 The Trust for Cultural Resources of The Museum is currently following procedures that are written and under review. Schedule K, Part V-07/23/2008 202,520,188 The Trust for Cultural Resources of Written procedures have been drafted and are currently under review. Top of the Rock LLC Trustee 178500 see comment 0 John Brown Limited Inc former key employee 300000 see comment 0 Sotheby's Trustee 7099743 see comment 0 Och-Ziff Capital Mngmnt Group LLC Trustee 296574 see comment 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, Jerry Speyer and Paula Crown, 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. John Brown Limited Inc - The Museum has retained a former key employee as a consultant to develop and strategize for the Museum's expansion project. James Niven, a trustee of the Museum also serves as a senior official at an auction house where the Museum from time to time consigns art work for sale by auction. The Museum invests with Och-Ziff Capital Management Group, LLC, whose Chair, CEO and Executive Managing Directors is Daniel Och, a Trustee. The Museum's endowment invested in a fund with this company prior to Mr. Och becoming a Trustee. In late 2013, the Museum redeemed its investment in this fund, and the remaining balance reflects an illiquid side-pocket in the process of being monetized. In 2014, management and incentive fees were paid to the company. X 619 0 not applicable X 44 15854176 settlement 0 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 deaccessions 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 deaccession of art work. Form 990, Part III, Line 1 The Museum of Modern Art is a private, nonprofit 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 150,000 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 40 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 now 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 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, 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 100,000 individuals participate in targeted educational programs on and off site 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 seven 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. Educational programs take place throughout the week. Form 990, Part VI, Section A, Line 2 The Museum's Board of Trustees includes two members from the same family - David Rockefeller, who is not a voting trustee and David Rockefeller, Jr. Two Trustees of the Museum, Jerry Speyer and Paula Crown 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. James Niven also serves as a senior official at an auction house where the Museum from time to time consigns art work for sale by auction. Daniel Och serves as the CEO and Executive Managing Director of a company which manages a variety of funds. The Museum's endowment invested in such a fund prior to this individual becoming a trustee. In late 2013, the Museum redeemed its investment in this fund and the remaining balance reflects an illiquid side-pocket in the process of being monetized. Form 990, Part VI, Section A, Line 6 The Museum's Bylaws provide that the Members of the Corporation shall consist of members of the Board of Trustees, all persons who on November 1, 1939 were Patrons, Contribution Members or Sustaining Members, and all other persons who, subsequent to November 1, 1939, have been or shall be designated by the Board of Trustees as members of the Corporation. Members have equal voting rights Form 990, Part VI, Section A, Line 7a The Museum's Bylaws provide that the Members of the Corporation shall consist of members of the Board of Trustees, all persons who on November 1, 1939 were Patrons, Contribution Members or Sustaining Members, and all other persons who, subsequent to November 1, 1939, have been or shall be designated by the Board of Trustees as members of the Corporation. 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 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, agrees 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 other 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 on a bi-annual basis 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 participation, the compensation terms approved, the data relied upon and how it was obtained. The Committee periodically meets and reviews and documents these issues. 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 Financial Statements and prior years 990 are available to the public through the Museum's website www.moma.org. Form 990, Part XI, Line 9 Primarily defined benefit plan changes other than net periodic benefit costs ($2,168,273), change in swap valuation $358,587. 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 AFE LLC 11 West 53rd Street New York NY 10019 202379359 Real Estate NY N/A Related 312784 4389037 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 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 PS1 Contemporary Art Center Inc l 797556 cost method PS1 Contemporary Art Center Inc b 599390 cost method Modern and Contemporary Art Support Corp p 206199 cost method Schedule R, Part V, Line 1d There is a $2 million line of credit for MoMA PS1 that is guaranteed by MoMA.