TOLEDO MUSEUM OF ART: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: TOLEDO MUSEUM OF ART (EIN 34-4434678)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-05-13
IRS object ID: 201421339349305267
Schema version: 2012v2.1
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 I
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-13T16:06:39-05:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	410746749	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	ONE SEAGATE SUITE 2650	AddressLine1
City	TOLEDO	City
State	OH	State
ZIP Code	436041558	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	344434678	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE TOLEDO MUSEUM OF ART	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TOLE	NameControl
Phone	4192558000	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1013	AddressLine1
City	TOLEDO	City
State	OH	State
ZIP Code	43697	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	CAROL J BINTZ	Name
Title	COO	Title
Phone	4192558000	Phone
Date Signed	2014-05-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DONNA M DAWSON	Name
PTIN	P00478085	PTIN
Phone	4192443711	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	CAROL J BINTZ	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1013	AddressLine1
City	TOLEDO	City
State	OH	State
ZIP Code	43697	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	115756883	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.TOLEDOMUSEUM.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1901	YearFormation
State Legal Domicile	OH	StateLegalDomicile
Activity Or Mission Description	THE MISSION OF THE TOLEDO MUSEUM OF ART IS TO INTEGRATE ART INTO THE LIVES OF PEOPLE BY MAINTAINING A WORLD-CLASS COLLECTION, DYNAMIC EXHIBITIONS AND NUMEROUS EDUCATIONAL OPPORTUNITIES WHILE MAINTAINING FREE ADMISSION FOR ALL VISITORS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	21	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	21	NbrIndependentVotingMembers
Total Nbr Employees	385	TotalNbrEmployees
Total Nbr Volunteers	498	TotalNbrVolunteers
Total Gross UBI	755640	TotalGrossUBI
Net Unrelated Business Txbl Income	-2957775	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	8947771	ContributionsGrantsPriorYear
Contributions Grants Current Year	6606043	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	2224383	ProgramServiceRevenuePriorYear
Program Service Revenue CY	2663342	ProgramServiceRevenueCY
Investment Income Prior Year	5096105	InvestmentIncomePriorYear
Investment Income Current Year	11044388	InvestmentIncomeCurrentYear
Other Revenue Prior Year	332866	OtherRevenuePriorYear
Other Revenue Current Year	609573	OtherRevenueCurrentYear
Total Revenue Prior Year	16601125	TotalRevenuePriorYear
Total Revenue Current Year	20923346	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	109557	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	76045	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	8553758	SalariesEtcPriorYear
Salaries Etc Current Year	9182272	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	683624	TotalFundrsngExpCurrentYear
Other Expense Prior Year	22527360	OtherExpensePriorYear
Other Expenses Current Year	14733209	OtherExpensesCurrentYear
Total Expenses Prior Year	31190675	TotalExpensesPriorYear
Total Expenses Current Year	23991526	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-14589550	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-3068180	RevenuesLessExpensesCY
Total Assets BOY	249395029	TotalAssetsBOY
Total Assets EOY	258718633	TotalAssetsEOY
Total Liabilities BOY	21911709	TotalLiabilitiesBOY
Total Liabilities EOY	19467300	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	227483320	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	239251333	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	FOR 112 YEARS, THE TOLEDO MUSEUM OF ART HAS OFFERED FREE ADMISSION TO ONE OF THE WORLD'S GREAT ART COLLECTIONS HOUSED IN ITS GREEK REVIVAL MAIN BUILDING AND THE GLASS PAVILION. THE MUSEUM HAS AN EXTENSIVE EDUCATION PROGRAM, OFFERING CURRICULUM-BASED SCHOOL TOURS AS WELL AS ADULT AND CHILDREN'S ART CLASSES.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	19308341	Expense
Description	THE TOLEDO MUSEUM OF ART OPERATES AND MAINTAINS ART GALLERIES, STUDIO SPACES AND AN ART LIBRARY FOR THE BENEFIT OF THE GENERAL PUBLIC. THIS INCLUDES EDUCATIONAL SCHOLARSHIP, RESEARCH, CONSERVATION, DOCUMENTATION AND PRESENTATION OF A PERMANENT COLLECTION OF ART TOTALING NEARLY 30,000 OBJECTS. THE MUSEUM'S VISITATION IS AMONG THE HIGHEST OF AMERICAN MUSEUMS PER CAPITA.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	1221072	Expense
Grants	76045	Grants
Description	THROUGH HANDS-ON ART EXPERIENCES AND ACTIVITIES, COMMUNITY OUTREACH OPENS DOORS FOR THOSE IN OUR COMMUNITY WHO EXPERIENCE PHYSICAL, MENTAL OR SOCIO-ECONOMIC DISADVANTAGES, AND ALLOWS THESE INDIVIDUALS TO EXPERIENCE THE FREEDOM OF TRUE PERSONAL EXPRESSION, WITHOUT JUDGMENT OR CRITICISM. AT-RISK CHILDREN, UNDERSERVED TEENS, ADULTS WITH OR SUFFERING FROM ILLNESSES ALL GAIN A SENSE OF ACCOMPLISHMENT, COMFORT AND INCREASED SELF-ESTEEM THROUGH THE PROCESS OF ARTISTIC HANDS-ON CREATION. COMMUNITY OUTREACH EMBRACES DIVERSITY WITH THERAPEUTIC AND INSPIRATIONAL EXPERIENCES, FOSTERS VALUABLE LIFE SKILLS, AND ENCOURAGES PARTICIPANTS TO INVESTIGATE THE FURTHEST REACHES OF THEIR OWN UNIQUE GENIUS.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	2174703	Expense
Description	THE MUSEUM ORGANIZES AND PRESENTS SPECIAL EXHIBITIONS OF ITS PERMANENT COLLECTION AS WELL AS HOSTING TRAVELING EXHIBITIONS AND MOUNTING EXHIBITIONS IN COLLABORATION WITH OTHER ART MUSEUMS. THE MUSEUM OFFERS CULTURAL ACTIVITIES ASSOCIATED WITH THESE EXHIBITIONS INCLUDING MUSICAL PROGRAMS, HANDS-ON ACTIVITIES, LECTURES, ETC. THAT ARE AVAILABLE TO THE GENERAL PUBLIC, GENERALLY WITHOUT CHARGE.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	22704116	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	1	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	1	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	1	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	1	DeductibleNonCashContributions
Deductible Contributions Of Art	1	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	140	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	385	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	1	UnrelatedBusinessIncome
Form990-T Filed	1	Form990-TFiled
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	1	QuidProQuoContributions
Quid Pro Quo Disclosure	1	QuidProQuoDisclosure
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Taxable Distributions	0	TaxableDistributions
Distribution To Donor	0	DistributionToDonor
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	21	NbrVotingGoverningBodyMembers
Number Independent Voting Members	21	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	OH	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	MARY SIEFKE	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	4192558000	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2445 MONROE STREET	AddressLine1
City	TOLEDO	City
State	OH	State
ZIP Code	43697	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (45 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DAVID K WELLES JR
CHAIRMAN	1.00	X	X	0	0	0
GEORGE L CHAPMAN
VICE CHAIRMAN	1.00	X	X	0	0	0
SARA JANE DEHOFF
VICE CHAIRMAN	1.00	X	X	0	0	0
MARY ELLEN PISANELLI
VICE CHAIRMAN	1.00	X	X	0	0	0
CYNTHIA B THOMPSON
VICE CHAIRMAN	1.00	X	X	0	0	0
DENNIS G JOHNSON
SECRETARY	1.00	X	X	0	0	0
JOHN S SZUCH
TREASURER	1.00	X	X	0	0	0
MICHAEL J ANDERSON
DIRECTOR	1.00	X		0	0	0
ALLAN BLOCK
DIRECTOR	1.00	X		0	0	0
ELIZABETH BRADY
DIRECTOR	1.00	X		0	0	0
CHARLES E DANA
DIRECTOR	1.00	X		0	0	0
JAMES A HOFFMAN
DIRECTOR	1.00	X		0	0	0
LLOYD JACOBS
DIRECTOR	1.00	X		0	0	0
BILLIE JOHNSON
DIRECTOR	1.00	X		0	0	0
GEORGE M JONES III
DIRECTOR	1.00	X		0	0	0
HARLEY J KRIPKE
DIRECTOR	1.00	X		0	0	0
SUSAN E MORGAN
DIRECTOR	1.00	X		0	0	0
RANDY OOSTRA
DIRECTOR	1.00	X		0	0	0
CINDY RIMMELIN
DIRECTOR	1.00	X		0	0	0
JUDI SELDEN
DIRECTOR	1.00	X		0	0	0
STEPHANIE STREETER
DIRECTOR	1.00	X		0	0	0
DARRYL F ALLEN
DIRECTOR	1.00	X		0	0	0
VERNELIS K ARMSTRONG
DIRECTOR	1.00	X		0	0	0
DON BACIGALUPI
DIRECTOR	1.00	X		0	0	0
WILLIAM W BOESCHENSTEIN
DIRECTOR	1.00	X		0	0	0
MOLLY P CHILES
DIRECTOR	1.00	X		0	0	0
THOMAS B DONNELL
DIRECTOR	1.00	X		0	0	0
HELEN H EMMERT
DIRECTOR	1.00	X		0	0	0
NANCY R FAIRHURST
DIRECTOR	1.00	X		0	0	0
BARBARA KAPLIN
DIRECTOR	1.00	X		0	0	0
RITA B KERN
DIRECTOR	1.00	X		0	0	0
ROBERT J LANIGAN
DIRECTOR	1.00	X		0	0	0
HELEN MCMASTER
DIRECTOR	1.00	X		0	0	0
SUSAN R REAMS
DIRECTOR	1.00	X		0	0	0
DOROTHY SAXE
DIRECTOR	1.00	X		0	0	0
DUANE STRANAHAN JR
DIRECTOR	1.00	X		0	0	0
EDWARD F WEBER
DIRECTOR	1.00	X		0	0	0
GEORGIA WELLES
DIRECTOR	1.00	X		0	0	0
JOHN P WILLIAMSON
DIRECTOR	1.00	X		0	0	0
SANDRA L WISELY
DIRECTOR	1.00	X		0	0	0
FREDERIC WOLFE
DIRECTOR	1.00	X		0	0	0
STEVEN COFFIN
DIRECTOR	1.00	X		0	0	0
RICHARD REYNOLDS
DIRECTOR	1.00	X		0	0	0
BRIAN KENNEDY
PRESIDENT, DIRECTOR, & CEO	40.00		X	351936	0	29755
CAROL BINTZ
CHIEF OPERATING OFFICER	40.00		X	151419	0	27055

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	503355	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	56810	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ROMANOFF ELECTRIC CO LLC
5570 ENTERPRISE BLVD	TOLEDO	OH	43612	ELECTRICAL SERVICES	727638
SAFEGUARD SECURITY SERVICE
3332 W LASKEY RD SUITE 2	TOLEDO	OH	43623	SECURITY	650489
BLUE WATER COMMUNICATIONS
435 12TH ST WEST	BRADENTON	FL	34205	MARKETING	649722

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K
Membership Dues	1681227	MembershipDues
All Other Contributions	4924816	AllOtherContributions
Noncash Contributions	239359	NoncashContributions
Total Contributions	6606043	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
TUITION AND RELATED FEES	711300	915908	915908
FACILITY FEES	711300	738339		738339
SALE OF ARTWORK	711300	373626	373626
EXHIBIT ADMISSIONS	711300	222330	222330
PERISTYLE SERVICE FEES	711300	154270	154270

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	258869	TotalRevenueColumn
Related Or Exempt Function Income	258869	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	2663342	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	3893733	TotalRevenueColumn
Exclusion	$3,893,733	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	101166752	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	94016097	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	7150655	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	7150655	TotalRevenueColumn
Exclusion	$7,150,655	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	1356493	GrossSalesOfInventory
Cost Of Goods Sold	817440	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	539053	TotalRevenueColumn
Unrelated Business Revenue	17301	UnrelatedBusinessRevenue
Exclusion	$521,752	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	INSURANCE RECOVERY	Description
Business Code	711300	BusinessCode
Total Revenue Column	70520	TotalRevenueColumn
Related Or Exempt Function Income	70520	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	70520	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	20923346	TotalRevenueColumn
Related Or Exempt Function Income	1995523	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	755640	UnrelatedBusinessRevenue
Exclusion	$11,566,140	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	76045	Total
Program Services	76045	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	569797	Total
Program Services	506834	ProgramServices
Management And General	30621	ManagementAndGeneral
Fundraising	32342	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	6220685	Total
Program Services	5533312	ProgramServices
Management And General	334290	ManagementAndGeneral
Fundraising	353083	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	984240	Total
Program Services	875481	ProgramServices
Management And General	52893	ManagementAndGeneral
Fundraising	55866	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	818607	Total
Program Services	728151	ProgramServices
Management And General	43992	ManagementAndGeneral
Fundraising	46464	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	588943	Total
Program Services	523865	ProgramServices
Management And General	31650	ManagementAndGeneral
Fundraising	33428	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	1466151	Total
Program Services	1450222	ProgramServices
Management And General	15929	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	55136	Total
Program Services	44594	ProgramServices
Management And General	3656	ManagementAndGeneral
Fundraising	6886	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	763000	Total
Program Services	755218	ProgramServices
Management And General	5951	ManagementAndGeneral
Fundraising	1831	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	261044	Total
Program Services	234940	ProgramServices
Management And General	13052	ManagementAndGeneral
Fundraising	13052	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	508028	Total
Program Services	508028	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3526072	Total
Program Services	3526072	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	232044	Total
Program Services	207977	ProgramServices
Management And General	24067	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
ART PURCHASES & EXPENSE	4145736	4145736
PROGRAMS	1568773	1568773
MAINTENANCE & REPAIRS	835748	819819	15929
SHIPPING & PACKING - EX	643812	643812

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	727665	Total
Program Services	555237	ProgramServices
Management And General	31756	ManagementAndGeneral
Fundraising	140672	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	23991526	Total
Program Services	22704116	ProgramServices
Management And General	603786	ManagementAndGeneral
Fundraising	683624	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	12215	BOY
EOY	11595	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1124898	BOY
EOY	2238428	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	619971	BOY
EOY	600157	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	365567	BOY
EOY	466968	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	662040	BOY
EOY	590292	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	110938034	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	58395201	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	53526935	BOY
EOY	52542833	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	82626768	BOY
EOY	69998783	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	52516668	BOY
EOY	69997831	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	57939967	BOY
EOY	62271746	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	249395029	BOY
EOY	258718633	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	7030129	BOY
EOY	7624859	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	9260000	BOY
EOY	8395000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	5621580	BOY
EOY	3447441	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	21911709	BOY
EOY	19467300	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	118125057	BOY
EOY	122808621	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	30030550	BOY
EOY	32625619	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	79327713	BOY
EOY	83817093	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	227483320	BOY
EOY	239251333	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	249395029	BOY
EOY	258718633	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-3068180	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	8247276	ReconciliationUnrealizedInvest
Reconcilation Other Changes	6588917	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	1	AuditCommittee
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	6780566	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	8096376	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	11758766	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	8947771	CurrentTaxYearMinus1Year
Current Tax Year	6606043	CurrentTaxYear
Total	42189522	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	6780566	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	8096376	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	11758766	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	8947771	CurrentTaxYearMinus1Year
Current Tax Year	6606043	CurrentTaxYear
Total	42189522	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	16123553	AmountsSubstContributorsTotal
Public Support Total170	26065969	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3615980	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4102565	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	4121067	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	3395320	CurrentTaxYearMinus1Year
Current Tax Year	3893733	CurrentTaxYear
Total	19128665	Total

Field	Value	IRS element (for citing)
Total Support	61318187	TotalSupport
Gross Receipts From Admissions Etc	12080386	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.42510	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.41190	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

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)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Collect Used For Preservation	X	CollectUsedForPreservation
Collect Used For Loan Or Exch Prgrms	X	CollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale	0	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	105288673	BeginningOfYearBalance
Contributions	2751304	Contributions
Investment Earnings Or Losses	13847008	InvestmentEarningsOrLosses
Grants Or Scholarships	81480	GrantsOrScholarships
Other Expenditures	14237206	OtherExpenditures
End Of Year Balance	107568299	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	124501551	BeginningOfYearBalance
Contributions	5377819	Contributions
Investment Earnings Or Losses	-4456037	InvestmentEarningsOrLosses
Grants Or Scholarships	111338	GrantsOrScholarships
Other Expenditures	20023322	OtherExpenditures
End Of Year Balance	105288673	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	102444249	BeginningOfYearBalance
Contributions	8146277	Contributions
Investment Earnings Or Losses	25786340	InvestmentEarningsOrLosses
Grants Or Scholarships	104068	GrantsOrScholarships
Other Expenditures	11771247	OtherExpenditures
End Of Year Balance	124501551	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	96171406	BeginningOfYearBalance
Contributions	5301822	Contributions
Investment Earnings Or Losses	11154618	InvestmentEarningsOrLosses
Grants Or Scholarships	121366	GrantsOrScholarships
Other Expenditures	10062231	OtherExpenditures
End Of Year Balance	102444249	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	143851071	BeginningOfYearBalance
Contributions	3657712	Contributions
Investment Earnings Or Losses	-38200023	InvestmentEarningsOrLosses
Grants Or Scholarships	69631	GrantsOrScholarships
Other Expenditures	13067723	OtherExpenditures
End Of Year Balance	96171406	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.49100	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.21500	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.29400	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	0	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4522130	OtherCostOrOtherBasis
Book Value	4522130	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	96541502	OtherCostOrOtherBasis
Depreciation	52930539	Depreciation
Book Value	43610963	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3936028	OtherCostOrOtherBasis
Depreciation	2363860	Depreciation
Book Value	1572168	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5938374	OtherCostOrOtherBasis
Depreciation	3100802	Depreciation
Book Value	2837572	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	52542833	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (3 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
MUTUAL FUNDS	69975498	F
INVESTMENT IN OIL ROYALTIES	20200	F
CSV - LIFE INSURANCE	2133	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	69997831	TotalOfBookValueSecurities

Other Assets OtherAssets (6 entries)

DescriptionDescription	Book ValueBookValue
ACCRUED INTEREST RECEIVABLE	122484
PERPETUAL AND SPLIT INTEREST TRUST AGREEMENTS	61708473
BOND ORIGINATION COSTS	52552
DEPOSITS - FACILITIES	20000
OTHER ASSETS	106927
CONSTRUCTION IN PROGRESS	261310

Field	Value	IRS element (for citing)
Total Book Value Other Assets	62271746	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
GIFT ANNUITIES - NON-CURRENT	$170,746
DEFERRED INCOME	$25,855
INTEREST RATE SWAP AGREEMENT	$595,537
PENSION LIABILITY	$2,655,303

Field	Value	IRS element (for citing)
Total Of Amounts	3447441	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	18853132	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	18853132	RevenueSubtotal
Other Revenues Not Included	2070214	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	2070214	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	20923346	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	20644863	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	817440	OtherExpensesIncluded
Expenses Not Rptd F990	817440	ExpensesNotRptdF990
Expenses Subtotal	19827423	ExpensesSubtotal
Other Expenses Not Included	4164103	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	4164103	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	23991526	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
PART III, LINE 1A:	PART III, LINE 1A: EXPENDITURES FOR THE PURCHASE OF WORKS OF ART ARE EXPENSED AS PURCHASED. EACH OF THE OBJECTS IN THE ART COLLECTION, WHICH COLLECTION IS OF SIGNIFICANT VALUE, ARE CATALOGUED FOR EDUCATIONAL AND CURATORIAL PURPOSES. PROCEDURES ARE EMPLOYED CONTINUOUSLY TO VERIFY THE CONDITION AND EXISTENCE OF EACH OBJECT IN THE COLLECTION. PROCEEDS FROM SALES OF COLLECTION OBJECTS WHICH ARE NO LONGER DEEMED APPROPRIATE FOR THE MUSEUM'S ART COLLECTION ARE TO BE USED TO ACQUIRE OTHER OBJECTS FOR THE COLLECTION. GIFTS OF WORKS OF ART (AMOUNTING TO $106,400 IN 2013 AND $85,950 IN 2012) ARE NOT RECORDED SINCE THE MUSEUM HAS ADOPTED THE POLICY OF EXPENSING WORKS OF ART.
	INTEREST AND DIVIDENDS 3,893,733. NET REALIZED GAINS 7,150,655. INVESTMENT RETURN DESIGNATED FOR CURRENT OPERATIONS -8,600,880. COST OF GOODS SOLD -817,440. ART PROCEEDS 373,626. INSURANCE RECOVERY 70,520.	PART XI, LINE 4B - OTHER ADJUSTMENTS:
	COST OF GOODS SOLD 817,440.	PART XII, LINE 2D - OTHER ADJUSTMENTS:
	ART PURCHASES 4,145,736. LOSS ON ABANDONMENT 18,367.	PART XII, LINE 4B - OTHER ADJUSTMENTS:
	PART X, LINE 2 FASB ASC 740-10 DESCRIBES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND CREATES A SINGLE MODEL TO ADDRESS ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION ADOPTED THE REQUIREMENTS OF FASB ASC 740-10 IN 2009, BUT THE ADOPTION HAD NO IMPACT ON THE FINANCIAL STATEMENTS.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant
SUMMER 2012 SCHOLARSHIPS	56	5540
FALL 2012 SCHOLARSHIPS	36	3575
WINTER 2013 SCHOLARSHIPS	32	3520
SPRING 2013 SCHOLARSHIPS	12	2910
UNIVERSITY OF TOLEDO SCHOLARSHIPS	13	60500

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURE FOR MONITORING GRANTS IN THE U.S.:	Identifier
Return Reference	PART I, LINE 2:	ReturnReference
Explanation	SCHEDULE I, PART I, LINE 2: THE SCHOLARSHIPS ISSUED BY THE MUSEUM ARE TO BE USED FOR INTERNAL ART CLASSES HELD AT THE TOLEDO MUSEUM OF ART. THE FUNDS ARE HELD IN A SEPARATE ACCOUNT UNTIL IT IS REQUESTED BY THE RECIPIENT. ONCE REQUESTED, THE FUNDS ARE PAID TO THE OPERATING FUND ON BEHALF OF THE SCHOLARSHIP RECIPIENT. REGULAR REQUIRED REPORTS ARE REVIEWED BY THE PROGRAM STAFF TO MONITOR THE GRANT FUNDS.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Substantiation Required	1	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	0	AnyNonFixedPayments
Initial Contract Exception	0	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
BRIAN KENNEDY
PRESIDENT, DIRECTOR, & CEO	351936	0	0	0	0	0	19035	0	10720	0	381691	0	0	0
CAROL BINTZ
CHIEF OPERATING OFFICER	151419	0	0	0	0	0	22690	0	4365	0	178474	0	0	0

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	12	NumberOfContributions
Noncash Contribs Rptd F990	0	NoncashContribsRptdF990

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	26	NumberOfContributions
Noncash Contribs Rptd F990	239359	NoncashContribsRptdF990
Method Of Determining Revenues	MARKET QUOTE	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Number Of8283 Received	4	NumberOf8283Received
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	1	ReviewProcessUnusualNCGifts
Third Parties Used	0	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

Field	Value	IRS element (for citing)
Identifier	NON REPORTING OF REVENUE:	Identifier
Return Reference	PART I, LINE 33:	ReturnReference
Explanation	SCHEDULE M, LINE 33: NO VALUES WERE REPORTED ON FORM 990 PART VIII, STATEMENT OF REVENUE, LINE G, FOR WORKS OF ART BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S GOVERNING BODY AND THE ORGANIZATION'S CHIEF OPERATING OFFICER. FORM 990 IS SENT ELECTRONICALLY TO THE BOARD WITH AN OPPORTUNITY FOR MEMBERS TO PROVIDE COMMENT.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY, THE BOARD MEMBERS AND COMMITTEE MEMBERS SHALL REPORT TO THE AUDIT COMMITTEE CONCERNING ALL TRANSACTIONS AND ALL BUSINESS OR PROFESSIONAL RELATIONSHIPS OF THE MUSEUM, WITH ANY OF THE COMPANIES, FIRMS OR INSTITUTIONS OR INVOLVING ANY OF THE INTERESTS AMOUNTING TO MORE THAN $10,000 PER YEAR. WHENEVER A MATTER INVOLVING ANY CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR IS DISCUSSED, OR PROPOSED FOR ACTION, SUCH CONFLICT SHALL BE DISCLOSED TO OTHER DIRECTORS PRESENT, AND THE DIRECTOR HAVING SUCH CONFLICT SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15	THE LEADERSHIP & GOVERNANCE COMMITTEE WILL CONSIDER ALL ELEMENTS OF COMPENSATION AND RELY UPON COMPARABILITY DATA SHOWING THE COMPENSATION AND BENEFITS PAID BY SIMILAR ORGANIZATIONS FOR EMPLOYEES WITH THOSE REPORTED FOR FUNCTIONALLY COMPARABLE AND ANALOGOUS POSITIONS AT COMPARABLE ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT. THE LEADERSHIP & GOVERNANCE COMMITTEE RELIES ON COMPARABLE DATA FROM COMPETENT INTERNAL AND/OR EXTERNAL SOURCES. THIS DATA SHALL BE RESEARCHED AND SELECTED FOR SIMILAR POSITIONS AMONG ORGANIZATIONS OF COMPARABLE SCOPE, SCALE AND PURPOSE. THE LEADERSHIP & GOVERNANCE COMMITTEE MAY ALSO CONSIDER FACTORS SUCH AS THE EMPLOYEE'S PERFORMANCE, TENURE, AND ANY CIRCUMSTANCES THAT DISTINGUISH THE POSITION FROM THE POSITIONS CONSIDERED IN THE COMPARABILITY DATA.
FORM 990, PART VI, SECTION C, LINE 19	FORM 990, PART VI, SECTION C, LINE 19: ALL OF THE ABOVE DOCUMENTS ARE AVAILABLE ON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF PERPETUAL AND SPLIT-INTEREST TRUST 4,598,662. FAIR VALUE ADJUSTMENT - INTEREST RATE SWAP AGREEMENT 223,797. PROVISION FOR PENSION LIABILITY 1,766,458.	CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART VI, LINE 2A	BASED ON THE INFORMATION THAT IS AVAILABLE TO THIS ORGANIZATION, NONE OF THE OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES, OR HIGHEST COMPENSATED EMPLOYEES, OR HIGHEST COMPENSATED PROFESSIONAL AND OTHER INDEPENDENT CONTRACTORS ARE RELATED TO EACH OTHER THROUGH FAMILY RELATIONSHIPS. IN ADDITION, THEY DO NOT HAVE COMMON OWNERSHIP OF BUSINESSES NOR EMPLOYMENT RELATIONSHIPS WITH EACH OTHER. THESE INDIVIDUALS COULD HAVE PROFESSIONAL DEALINGS WITH EACH OTHER FROM TIME TO TIME IN THE NORMAL COURSE OF BUSINESS. HOWEVER, ANY SUCH BUSINESS DEALINGS AMONG THE SPECIFIED PARTIES WOULD NOT IMPACT THIS ORGANIZATION.