2014-05-15T08:58:31-05:00 2013-06-30 135565207 KPMG LLP 1676 INTERNATIONAL DRIVE MCLEAN VA 22102 990 2012-07-01 231365388 Philadelphia Museum of Art PHIL 2157638100 PO Box 7646 Philadelphia PA 191017646 ROBERT T RAMBO 2156847801 2014-05-15 1 KPMG P00634378 7032868000 2012 2015-11-30 17:44:51Z Timothy Rub PO Box 7646 Philadelphia PA 191017646 148647035 0 X www.philamuseum.org X 1876 PA Collecting, maintaining and displaying works of art. 65 63 809 417 -516002 -622601 56421946 62753499 9443495 6860888 9152459 8151570 4850616 4798793 79868516 82564750 0 0 0 0 25982748 26469348 342903 426208 4696619 36800381 38528728 63126032 65424284 16742484 17140466 732680042 782570898 98604793 88676995 634075249 693893903 X See Schedule O.The Philadelphia Museum of Art in partnership with the city, the region and art museums around the globe - seeks to preserve, enhance, interpret and extend the reach of its great collections in particular and the visual arts in general, to an increasing and increasingly diverse audience as a source of delight, illumination, and lifelong learning. 0 0 6397243 0 The acquisition of approximately 100 works of art for display in the Museum, serving the general public. 2354000 683554 Special exhibition -Dancing around the Bride is the first exhibition to explore the interwoven lives, works, and experimental spirit of Marcel Duchamp and four of the most important American postwar artists: composer John Cage, choreographer Merce Cunningham, and visual artists Jasper Johns and Robert Rauschenberg. Creating both individually and together, they profoundly affected the direction of postwar avant-garde art and American culture as a whole. The exhibition tells of their multiple levels of engagement, focusing on the ways in which Cage, Cunningham, Johns, and Rauschenberg produced work inextricably linked to key aspects of Duchamp's practice, such as the use of chance, the incorporation of everyday materials into their art, and the probing of the boundaries between art and life. 2610034 443826 Education programs for children, disabled, and general public to provide a better understanding of Museum's collection & art in general. Program attendance - 171,895. 2187648 0 Conservation of works of art - restoration, repair and preservation of various objects in the collections during fiscal year 2013. 17298558 0 Security & maintenance 6718517 0 Curatorial and collections activities 1736334 1326170 Museum shop operating expenses 1628628 0 Marketing 2205809 515838 Various special exhibitions 1898033 80778 Various publications 3793666 4740733 Membership and visitor services 301321 126077 Rights & reproductions and photography 488616 270082 Group sales and special events 1864664 Information services, audio visual and telecommunications 992332 Library and community programs 41114126 7059678 52475403 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 X 300 0 1 809 1 1 1 1 CJ VI EI CA 0 0 0 1 1 0 0 0 0 X 65 63 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NJ NY CT FL X Robert T Rambo 2156847801 2525 Pennsylvania Avenue Philadelphia PA 19130 Timothy F Rub 35.00 X X 482972 0 37910 Gail M Harrity 35.00 X X 355433 0 27022 John R Alchin 1.00 X 0 0 0 Dennis Alter 1.00 X 0 0 0 Barbara Aronson 1.00 X 0 0 0 Sheldon M Bonovitz 1.00 X 0 0 0 Ira Brind 1.00 X 0 0 0 Julian Brodsky 1.00 X 0 0 0 Priscilla S Brown 1.00 X 0 0 0 Renee Chenault-Fattah 1.00 X 0 0 0 Dr Constance E Clayton 1.00 X 0 0 0 Peter D Davenport 1.00 X 0 0 0 Hon Nelson A Diaz 1.00 X 0 0 0 John G Drosdick 1.00 X 0 0 0 Edward Fernberger Jr 1.00 X 0 0 0 Jaimie Spector Field 1.00 X 0 0 0 Penny Fox 1.00 X 0 0 0 Mrs Jack M Friedland 1.00 X 0 0 0 David Haas 1.00 X 0 0 0 Lynne Honickman 1.00 X 0 0 0 Joan M Johnson 1.00 X 0 0 0 Kenneth S Kaiserman 1.00 X 0 0 0 James Nelson Kise 1.00 X 0 0 0 Berton E Korman 1.00 X 0 0 0 Ronald P Lassin 1.00 X 0 0 0 Victoria McNeil Le Vine 1.00 X 0 0 0 Maxine Lewis 1.00 X 0 0 0 Mary Patterson McPherson 1.00 X 0 0 0 John J Medveckis 1.00 X 0 0 0 Martha Hamilton Morris 1.00 X 0 0 0 John A Nyheim 1.00 X 0 0 0 Raymond G Perelman 1.00 X 0 0 0 Lynda Resnick 1.00 X 0 0 0 Mark E Rubenstein 1.00 X 0 0 0 Keith L Sachs 1.00 X 0 0 0 David William Seltzer 1.00 X 0 0 0 Martha McGeary Snider 1.00 X 0 0 0 Marion Stroud Swingle 1.00 X 0 0 0 Bruce E Toll 1.00 X 0 0 0 Constance H Williams 1.00 X 0 0 0 Dr John T Williams 1.00 X 0 0 0 Jerry Wind 1.00 X 0 0 0 Charles K Williams II 1.00 X 0 0 0 Mickey Cartin 1.00 X 0 0 0 H Richard Dietrich III 1.00 X 0 0 0 Dr Donald B Parks 1.00 X 0 0 0 Lyn M Ross 1.00 X 0 0 0 Tom Corbett 1.00 X 0 0 0 Michael A Nutter 1.00 X 0 0 0 Darell L Clark 1.00 X 0 0 0 Charles J Ingersoll 1.00 X 0 0 0 Anja Levitties 1.00 X 0 0 0 Liz Price 1.00 X 0 0 0 Peter H Goodhart 1.00 X 0 0 0 Daniel J Phelan 1.00 X 0 0 0 Marsha W Rothman 1.00 X 0 0 0 Gretchen Burke 1.00 X 0 0 0 Angelica Zander Rudenstine 1.00 X 0 0 0 Joan F Thalheimer 1.00 X 0 0 0 Marta Adelson 1.00 X 0 0 0 Osagie O Imasogie 1.00 X 0 0 0 Leslie A Miller 1.00 X 0 0 0 Pia Roy Chowdhury 1.00 X 0 0 0 Sueyun Locks 1.00 X 0 0 0 Dean C Pappas 1.00 X 0 0 0 Orlando Esposito 1.00 X 0 0 0 Betsy Z Cohen 1.00 X 0 0 0 Edith Robb Dixon 1.00 X 0 0 0 Charles E Mather III 1.00 X 0 0 0 John H McFadden 1.00 X 0 0 0 Harvey S Shipley Miller 1.00 X 0 0 0 Ronald J Naples 1.00 X 0 0 0 Theodore T Newbold 1.00 X 0 0 0 Robert T Rambo 35.00 1.00 X 236901 0 26369 Lawrence Berger 35.00 X 150427 0 17459 Alice Beamesderfer 35.00 1.00 X 150708 0 22044 Kelly M O'Brien 35.00 X 207550 0 21878 Ali Shaikholislami 35.00 X 169878 0 14674 Robin E Proctor 35.00 X 140839 0 21580 David Blackman 35.00 X 163790 0 17713 Julie P Thompson 35.00 X 138056 0 10713 Lesley T Pratt 35.00 X 134500 0 14811 William Weinstein 35.00 X 128548 0 18909 2459602 0 251082 27 0 1 0 Allied Barton Security Services 161 Washington Street Suite 600 Conshohocken PA 19428 Security 4584025 LF Driscoll Co 9 PRESIDENTIAL BOULEVARD Bala Cynwyd PA 19004 Construction 3601008 Gehry Partners LLP 12541 Beatrice Street Los Angeles CA 90066 Architects 1901919 Madison Concrete Construction 130 QUAKER LANE MALVERN PA 19355 Construction 1428695 AEGIS PROPERTY GROUP 1600 MARKET STREET SUITE 1701 Philadelphia PA 19103 Project Management 603625 14 6034265 9898891 46820343 2282511 62753499 Admissions 900099 4135206 4135206 Parking revenues 812930 714809 714809 Education programs 611710 443826 443826 Audio Tours 900099 330115 330115 Concession fees 900099 315440 315440 921492 921492 6860888 4973057 -516943 5490000 67815638 64637125 3178513 3178513 3178513 2771330 1445160 1326170 1326170 Sale of art objects 900099 2870510 2870510 Miscellaneous 900099 601172 601172 Other investment incom 900000 941 941 3472623 82564750 7156809 -516002 13170444 1578412 695743 882669 19672324 15840345 1479793 2352186 814476 655378 83358 75740 2726720 2343289 146851 236580 1677416 1307251 183287 186878 80000 80000 72089 72089 83951 83951 426208 426208 3024467 3024467 1031407 1031407 2214615 1789572 153730 271313 304505 237233 33636 33636 8316221 7812910 317670 185641 427733 365856 47384 14493 38280 29955 7851 474 763858 582453 150853 30552 6950896 6513684 275951 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79540283 3024467 3024467 82564750 67161820 2900000 1862003 4762003 62399817 3024467 3024467 65424284 Part III, Line 1a: The collections, which were acquired through purchases and contributions since the Museum's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Unexpended proceeds from deaccessions are reflected in the unrestricted net asset class. Their use is limited, however, by museum professional standards, which require that such proceeds be made available solely for acquisition of other art objects. Part III, Line 4: The Museum is home to over 227,000 objects, spanning the creative achievements of the Western world since the first century AD and those of Asia since the third millennium BC. The European holdings date from the Medieval era to the present, and the collection of arms and armor is the second largest in the United States. The American collections are among the finest in the country, as are the expanding collections of modern and contemporary art. In addition, the Museum houses encyclopedic holdings of costume and textiles as well as prints, drawings, and photographs that are displayed in rotation for reasons of preservation. Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment is used to maintain the collection of artwork and to acquire future works of art that enhance and promote the mission of the Philadelphia Museum of Art. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Museum has been recognized by the Internal Revenue Service as exempt from federal income tax under Section 501(c)(3) of the U.S. Internal Revenue Code, except for taxes on income from activities unrelated to its exempt purpose. Accordingly, no provision for income taxes has been made in the accompanying financial statements. Accounting principles generally accepted in the United States require management to evaluate tax positions taken by the Museum and recognize a tax liability (or asset) if the museum has an uncertain tax position that more likely than not would not be sustained upon examination by the IRS. Management has concluded that as of June 30, 2013, there are no uncertain tax positions taken or expected to be taken by the Museum that would require recognition of a liability (or asset) or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Cost of goods sold 1,445,160. Change in FMV of interest rate exchange agreements 1,151,983. Part XII, Line 2d - Other Adjustments: Cost of goods sold 1,445,160. Net unrealized losses on investments 416,843. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 54260953 EUROPE 0 0 INVESTMENTS 10500038 0 0 0 0 0 0 64760991 0 64760991 1 0 1 1 1 0 X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES INC 401 N MICHIGAN AVENUE SUITE 2800 CHICAGO PA 60611 CONSULTANT 0 0 426208 -426208 426208 -426208 PA NJ NY CT FL Explanation of Fundraising Payments Schedule G, Part I, Line 2b, Column (v) CONSULTING SERVICES X X X X 0 0 0 0 0 0 0 0 0 Timothy F Rub 481682 0 0 0 1290 0 12500 0 25410 0 520882 0 0 0 Gail M Harrity 353453 0 0 0 1980 0 12500 0 14522 0 382455 0 0 0 Robert T Rambo 233091 0 0 0 3810 0 11847 0 14522 0 263270 0 0 0 Lawrence Berger 148270 0 0 0 2157 0 7047 0 10412 0 167886 0 0 0 Alice Beamesderfer 149263 0 0 0 1445 0 7726 0 14318 0 172752 0 0 0 Kelly M O'Brien 207175 0 0 0 375 0 7356 0 14522 0 229428 0 0 0 Ali Shaikholislami 168250 0 0 0 1628 0 8499 0 6175 0 184552 0 0 0 Robin E Proctor 139964 0 0 0 875 0 7301 0 14279 0 162419 0 0 0 David Blackman 163285 0 0 0 505 0 3410 0 14303 0 181503 0 0 0 A Philadelphia Authority for Industrial Development 232237287 7178184U9 2010-06-23 66820000 Reissuance of Revenue Bonds(Philadelphia Museum of Art Project)Series 2008 0 0 0 A 66820000 66820000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 A 0 Schedule K, Part IV, Line 2(a) Not required until 6/22/2015 X 1412 X 101 2282510 Market Value 32 0 0 0 Form 990, Part VI, Section A, line 4 The Museum's bylaws were amended on June 20, 2013. The primary change to the bylaws was the reduction of the number of Vice Chairs elected as officers of the corporation to be not more than two. Form 990, Part VI, Section A, line 6 The Members of the Corporation consist of (i) the Elected Trustees, (ii) the Trustees Ex. Officio, (iii) the Honorary Trustees, and (iv) those persons who have contributed services, property or funds to the corporation in such minimum amount or value as the Board of Trustee may establish from time to time by resolution of the Board. The Elected Trustee shall be elected by the Members of the Corporation at the annual meeting of the Members of the Corporation. Form 990, Part VI, Section A, line 7a The Members of the Corporation consist of (i) the Elected Trustees, (ii) the Trustees Ex. Officio, (iii) the Honorary Trustees, and (iv) those persons who have contributed services, property or funds to the corporation in such minimum amount or value as the Board of Trustee may establish from time to time by resolution of the Board. The Elected Trustee shall be elected by the Members of the Corporation at the annual meeting of the Members of the Corporation. Form 990, Part VI, Section A, line 7b The Members of the Corporation consist of (i) the Elected Trustees, (ii) the Trustees Ex. Officio, (iii) the Honorary Trustees, and (iv) those persons who have contributed services, property or funds to the corporation in such minimum amount or value as the Board of Trustee may establish from time to time by resolution of the Board. The Elected Trustee shall be elected by the Members of the Corporation at the annual meeting of the Members of the Corporation. The Members of the Corporation may amend the bylaws of the Corporation. Form 990, Part VI, Section B, line 11 Form 990 is prepared by the Museum's Finance Department. The return is reviewed by management and outside independent tax advisors. The return is made available to all trustees for review prior to it being filed with Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Museum's Conflict of Interest Policy is reviewed and updated periodically by The Museum's Board of Trustees. The Museum's Board of Trustees and Officers complete an Annual Related Party Questionnaire. The Museum's Conflict of Interest Policy requires, among other things, that trustees and officers disclose conflicts and potential conflicts and that interested parties not participate in any vote to consider a transaction that might constitute a conflict. Form 990, Part VI, Section B, line 15 The process the Museum uses to establish compensation for officers and key employees includes a complete review of executive compensation levels by the Museum's independent Compensation subcommittee. The review is based on a market analysis prepared by the Museum's Finance department under the direction and supervision of the Compensation subcommittee using published compensation surveys and available tax returns for Not-for-profit organizations comparable in scope and size to the Philadelphia Museum of Art. The Compensation subcommittee contemporaneously documents the results of the deliberations and decisions in the minutes. Form 990, Part VI, Section C, line 19 The Museum's Form 990 is posted annually on the website www.guidestar.org. The Museum also publishes an annual report, which includes the audited Statement of Financial Position, Statement of Activities and Statement of Cash Flows. Commencing in 2011, the Museum's Annual Report and Audited Financial Statements are posted on its website. The Museum's governing documents and conflict of interest policy are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in fair value of interest rate exchange agreement 1,151,983. The Anne H & Frederick Vogel III Collection for Philadelphia Museum of Art PO Box 7646 Philadelphia PA 19101 364459089 Assembling a collection of American Furniture & Decorative Art for PMA. PA 501(c)3 509(a)(3) I Philadelphia Museum of Art 1 Samuel S Fleisher Art Memorial PO Box 7646 Philadelphia PA 19101 232249360 Operate and maintain a school of art and museum. PA 501(c)3 9 N/A 0 Foundation for Self-Taught American Artists 30 South 17th Street 12th Floor Philadelphia PA 19103 202097461 Document the work of self-taught American artists PA 501(c)3 9 N/A 0 Charitable Remainder Trusts - PA (4) CHARITABLE TRUST PA N/A T 0 Charitable Remainder Trusts - NC (3) CHARITABLE TRUST NC N/A T 0 Charitable Remainder Trusts - NY (1) CHARITABLE TRUST NY N/A T 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Charitable Remainder Trusts - PA (2) A 96611 FMV Charitable Remainder Trusts - NC (3) A 24608 FMV Charitable Remainder Trusts - NY (1) A 19362 FMV