2013-05-14T13:02:52-07:00 2012-06-30 990 2011-07-01 131624100 MUSEUM OF MODERN ART MUSE 2127089801 11 West 53rd Street New York NY 10019 James Gara 2127089801 2013-05-14 2011 2016-02-24 21:20:13Z Marie-Josee Kravis 11 West 53rd Street New York NY 10019 555085108 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. 40 38 1100 371 4396012 1159754 91348611 99837516 27921807 34934150 56094041 72703723 30222548 30341970 205587007 237817359 821796 1042568 0 0 74777854 79104586 0 0 14657311 155786983 139859319 231386633 220006473 -25799626 17810886 1528295416 1458459054 470991568 433444754 1057303848 1025014300 X See schedule O 0 0 101185342 1042568 62944411 Museum Operations - Curatorial and curatorial support departments include conservation, education, exhibition costs, publications, library and archive. In fiscal year 2012, the Museum welcomed over 2.9 million visitors, and MoMA's membership program grew to almost 140,000 members. MoMA's online following also continues to flourish, reaching an extensive, global audience. The Museum's 2011-2012 special exhibition schedule showcased a broad range of modern and contemporary art, performance, and film. Noteworthy exhibitions included Cy Twombly: Sculpture (5/20/11-1/2/12); Talk to Me: Design and the Communication between People and Objects (7/24/11-11/7/11); de Kooning: A Retrospective (9/18/11-1/9/12); Diego Rivera: Murals for the Museum of Modern Art (11/13/11-5/14/12); and Cindy Sherman (2/26/12-6/11/12). MoMA's innovative performance series continued with presentations by artist collective Grand Openings (7/20/11-8/1/11); performance artist and musician Antony Hegarty (1/26/12); and German electronic music pioneers Kraftwerk (4/10/12-4/17/12). The Museum's Department of Conservation is responsible for the hands-on preservation of MoMA's entire collection, including works of art in all mediums. One current conservation initiative seeks to restore four landmark Abstract Expressionist works in the Museum's collection: Jackson Pollock's Number 1A, 1948 (1948), One: Number 31, 1950 (1950), and Echo: Number 25, 1951 (1951); and Barnett Newman's Abraham (1949), each of critical historical significance. Numerous Museum publications have received special recognition, including deKooning: A Retrospective (2011), which won a 2012 Association of American Publishers PROSE award in the category of "Art History and Criticism." In addition, a growing suite of digitally published books and exhibition catalogues, such as the newly expanded eBook edition of MoMA Highlights: 350 Works from The Museum of Modern Art, are available for download through MoMAstore.org and the iTunes store. The Museum's Department of Education continues to develop free and low-cost programs customized for the interests and needs of the diverse audience it serves. Interactive programs, print materials, and digital resources play an integral role in enriching the experience of 175,000 children and adults every year. School Programs enable K-12 students to visit MoMA and engage in meaningful discussions about works of art in the collection and special exhibitions. This year, the Museum launched MoMA in the Classroom in order to offer Museum School Programs to local schools that may otherwise be unable to participate due to the cost of transportation. MoMA also offers a range of free, out-of-school learning opportunities for families and teens. MoMA's Community and Access Programs provide traditionally overlooked and underserved populations with access to the Museum's unparalleled collection and resources. These special programs, most of which are offered free of charge, served over 25,000 people in FY12 alone. 31874716 0 29189970 Acquisition of Art - In fiscal year 2012, MoMA acquired more than 2,300 works for its renowned collection. Landmark acquisitions included architectural models of recent projects by Colombian architect Giancarlo Mazzanti, representing the first Colombian buildings to enter the Department of Architecture and Design's holdings. Other recent acquisitions for the Department of Drawings included work by Willem de Kooning and Franz Erhard Walther that were featured in the exhibition Eyes Closed/Eyes Opened: Recent Acquisitions in Drawings (8/9/12-1/7/13). Noteworthy film acquisitions range from the Academy Award winning Black Swan (Darren Aronofsky, 2010) to the classic Hollywood feature Thirteen Women (George Archainbaud, 1932). In keeping with the Museum's mission, these new acquisitions reinforce MoMA's commitment to establishing a collection of the highest order that reflects the vitality, complexity, and unfolding patterns of modern and contemporary art. For more information, visit MoMA.org/explore/collection and search by "recent acquisitions." 27660825 0 0 Security operation and maintenance of exhibition galleries and art collection. 0 0 0 160720883 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 546 0 1 1100 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 40 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 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 1 X X 0 0 0 Ronald S Lauder 1 X X 0 0 0 Robert B Menschel 1 X X 0 0 0 Agnes Gund 1 X X 0 0 0 Donald B Marron 1 X X 0 0 0 Jerry I Speyer 5 X X 0 0 0 Marie-Josee Kravis 5 X X 0 0 0 Sid R Bass 1 X X 0 0 0 Leon D Black 1 X X 0 0 0 Mimi Haas 1 X X 0 0 0 Richard E Salomon 1 X X 0 0 0 Wallis Annenberg 0.5 X 0 0 0 Lawrence B Benenson 1 X 0 0 0 Clarissa Alcock Bronfman 0.5 X 0 0 0 Donald L Bryant Jr 1 X 0 0 0 Patricia Phelps de Cisneros 1 X 0 0 0 Paula Crown 1 X 0 0 0 David Dechman 1 X 0 0 0 Glenn Dubin 1 X 0 0 0 John Elkann 1 X 0 0 0 Laurence D Fink 1 X 0 0 0 Kathleen Fuld 1 X 0 0 0 Howard Gardner 1 X 0 0 0 Vartan Gregorian 1 X 0 0 0 Anne Dias Griffin 1 X 0 0 0 Alexandra A Herzan 1 X 0 0 0 Marlene Hess 1 X 0 0 0 AC Hudgins 1 X 0 0 0 Jill Kraus 1 X 0 0 0 Thomas H Lee 1 X 0 0 0 Michael Lynne 1 X 0 0 0 Philip S Niarchos 1 X 0 0 0 James G Niven 1 X 0 0 0 Peter Norton 1 X 0 0 0 Maja Oeri 1 X 0 0 0 Michael S Ovitz 1 X 0 0 0 Richard D Parsons 1 X 0 0 0 David Rockefeller JR 1 X 0 0 0 Sharon Percy Rockefeller 1 X 0 0 0 Marcus Samuelsson 1 X 0 0 0 Anna Deavere Smith 1 X 0 0 0 Ricardo Steinbruch 1 X 0 0 0 Alice M Tisch 1 X 0 0 0 Edgar Wachenheim III 1 X 0 0 0 Gary Winnick 1 X 0 0 0 Celeste G Bartos 0.5 X 0 0 0 Eli Broad 1 X 0 0 0 Thomas S Carroll 0.5 X 0 0 0 Douglas S Cramer 1 X 0 0 0 Joel S Ehrenkranz 1 X 0 0 0 Gianluigi Gabetti 0.5 X 0 0 0 Barbara Jakobson 1 X 0 0 0 Werner H Kramarsky 1 X 0 0 0 June Noble Larkin 1 X 0 0 0 Peter G Peterson 0.5 X 0 0 0 Gifford Phillips 1 X 0 0 0 Emily Rauh Pulitzer 1 X 0 0 0 Jeanne C Thayer 0.5 X 0 0 0 Anna Marie Shapiro 1 X 0 0 0 Joan Tisch 1 X 0 0 0 Glenn D Lowry 40 X 1050712 0 771545 James Gara 40 X 673442 0 397031 Patty Lipshutz 40 X 355327 0 73661 Michael Margitich 40 X 885357 0 479042 Frank Ahimaz 40 X 566118 0 291528 Kathy Halbreich 40 X 410158 0 100372 Peter Reed 40 X 330048 0 76240 Ramona Bannayan 40 X 236215 0 126957 Jan Postma 40 X 283234 0 35372 Tunji Adeniji 40 X 228124 0 42110 Ann Temkin 40 X 218911 0 67225 Barry Bergdoll 40 X 206614 0 71288 Rajendra Roy 40 X 202507 0 40557 Cornelia Butler 40 X 203809 0 27082 Christophe Cherix 40 X 196302 0 40657 Sabine Breitwieser 40 X 191357 0 34291 Peter Galassi 40 X 178804 0 29799 Klaus Biesenbach 40 X 0 252623 22069 Kathy Thornton-Bias 40 X 472798 0 37282 Tony Wai 40 X 275255 0 156709 Christopher Hudson 40 X 292820 0 82903 Lisa Mantone thru 12-23-2011 40 X 270571 0 48673 Patricia Jeffers 40 X 246384 0 56418 7974867 252623 3108811 110 0 1 0 Bluewater Communication Group LLC 110 Parkway Drive South Hauppauge NY 11788 Information Technology 1126158 Proskaur Rose LLP Eleven Time Square New York NY 10036 Legal Services 545469 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 Audit Fees 333661 Artists Rights Society 536 Broadway 5th Floor New York NY 10012 Royalties 170448 Kramer Levin Naftalis & Frankel LLP 919 Third Avenue New York NY 10022 Legal Services 108662 5 0 3859464 4436770 0 40352 91500930 2562799 99837516 Admissions 712100 26809962 26809962 0 0 Exhibition Tour Income 712100 6347335 6347335 0 0 1776853 1776853 0 0 34934150 14254146 0 0 14254146 0 0 0 0 0 0 0 0 1529025 0 237882 0 1291143 0 1291143 0 0 1291143 318654566 29189970 289394959 0 29259607 29189970 58449577 29189970 -177848 29437455 619030 4436770 2262824 -1643794 0 -1643794 0 0 0 0 0 0 51941090 25372084 26569006 23177614 3391392 0 Museum Restaurants 722100 1126052 0 0 1126052 Corporate Events 900099 2999563 1817095 1182468 0 0 0 0 0 4125615 237817359 89118829 4396012 44465002 1042568 1042568 0 0 0 0 0 0 6665110 2339276 3768386 557448 0 0 0 0 52459085 41114510 7378021 3966554 7232156 5315329 1363445 553382 8658947 6363960 1632431 662556 4089288 3271395 543549 274344 0 0 0 0 1057206 176955 880251 0 270808 0 270808 0 134000 0 134000 0 0 0 5090822 0 5090822 0 13324460 8584368 2268986 2471106 6441198 4446322 0 1994876 12245151 9894911 1666776 683464 1055008 129678 925330 0 100239 100239 0 0 13788185 5571896 6192537 2023752 2523554 2259861 220480 43213 0 0 0 0 0 0 0 0 14695733 11099567 2750532 845634 26670593 18913257 7573054 184282 3175672 3175672 0 0 Acquisition of Works of Art 31874716 31874716 0 0 Membership Dues & Subscriptions 419045 196402 215483 7160 Administrative & Other Expenses 6992929 4850001 1753388 389540 220006473 160720883 44628279 14657311 345955 8755947 32107126 20102068 170526000 172550781 1541000 1398710 0 0 0 0 0 0 8738000 9321088 12665000 8670434 766988277 241376017 514945159 525612260 401824000 349351508 346224000 322815865 0 0 0 0 39379176 39880393 1528295416 1458459054 65035016 37396833 38528000 39882368 298252000 256644554 4219766 5245220 33000000 33000000 31956786 61275779 470991568 433444754 X 656351848 618451113 163339000 162903061 237613000 243660126 1057303848 1025014300 1528295416 1458459054 X 17810886 -50100434 X 0 1 1 X 0 X 97335481 62933969 67986812 91348611 99837516 419442389 0 0 0 0 0 0 0 0 0 0 0 0 97335481 62933969 67986812 91348611 99837516 419442389 419442389 14566283 8903526 13664078 17076148 15783171 69993206 893710 307814 0 132868 1159754 2494146 3766071 2668570 4654878 4839958 4744645 20674122 512603863 113758729 0.81826 0.72122 X Other income includes fundraising revenue, corporate events and ancillary revenue from the restaurant operations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 134000 134000 219872475 220006475 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 44000 42000 78500 134000 298500 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 0 0 X X X X 0 429992000 41254000 -2947000 0 29360000 0 438939000 356715000 48006000 23497000 0 -1774000 0 429992000 324195000 34778000 16174000 0 18432000 0 356715000 384845000 28593000 -42626000 0 46617000 0 324195000 0.064 0.555 0.381 0 0 0 91352129 91352129 0 535525272 171077256 364448016 0 4324908 4257126 67782 0 74374170 66041635 8332535 0 61411798 0 61411798 525612260 Private Equity 106444716 F Multi-strategy & other 105681947 F Credit 49440498 F Equity long/short 37623222 F Real Assets 23625482 F 322815865 0 Pension 57212933 Funds held on behalf of other 4062846 61275779 237817359 220006473 17810886 -23438811 0 0 0 -25069376 -48508187 -30697301 229885883 -23438811 0 0 0 -23438811 253324694 6022592 -21529927 -15507335 237817359 260583186 0 0 0 27877646 27877646 232705540 6022592 -18721659 -12699067 220006473 SchD_P03_S00_L01 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. SchD_P03_S00_L04 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 150,000 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. SchD_P05_S00_L04 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. SchD_P06_S00_L01e Schedule D, Part VI, Line 1e Included in "other" is the $31.8 million purchase of the 45 West 53th Street property. This was a purchase made by a supporting organization of the Museum, the Modern and Contemporary Art Support Corp. Presentation of this amount is reflective of the economic use of the property and is shown in the Museum's audited consolidated financial statements as undeveloped property. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Primarily defined benefit plan changes other than net periodic benefit costs ($26,143,160), change in swap valuation ($518,463), and related organizations which file a separate return $1,590,687. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Primarily consists of cost of goods sold on retail operations ($25,372,084), amounts related to special events and exhibitions $1,508,833, interest income related to development rights $3,520,000, bad debt expense $2,142,000, related organizations that file separate returns ($2,806,710), rental expenses ($237,882) and other miscellaneous items totaling ($284,084). SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Primarily defined benefit plan changes other than net periodic benefit costs $26,143,160, change in swap valuation $518,463, and related organizations which file a separate return $1,216,023. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Primarily consists of cost of goods sold on retail operations ($25,372,084), amounts related to special events and exhibitions $1,508,833, Bad debt expenses $2,142,000, interest income related to development rights $3,520,000, rental expenses ($237,882), and other miscellaneous items totaling ($282,524). Central America and the Caribbean 0 0 Investments 105995495 Europe (including Iceland and Greenland) 0 0 Investments 7432035 North America (including Canada and Mexico, but not the United States) 0 0 Investments 5340713 0 0 118768243 1 0 1 1 1 0 Party in the Garden 2474800 2284050 190750 0 0 40159 145606 104237 693252 Dr Luncheon 1480000 1421600 58400 0 0 9634 38070 0 46627 2 1101000 731120 369880 0 0 9659 43850 12850 1118880 5055800 4436770 619030 0 0 59452 227526 117087 1858759 2262824 -1643794 1 PS1 Contemporary Art Center Inc 46-01 21st Street Long Island City NY 11101 237379091 501c(3) 1042568 0 Operating Support 1 0 SchI_P01_S00_L02 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 0 0 0 0 0 0 0 1 0 Glenn D Lowry 710691 0 338215 0 1806 0 426294 0 345251 0 1822257 0 0 0 James Gara 417880 0 237187 0 18375 0 372280 0 24751 0 1070473 0 336203 0 Patty Lipshutz 337227 0 0 0 18100 0 47910 0 25751 0 428988 0 0 0 Michael Margitich 407958 0 455565 0 21834 0 448632 0 30410 0 1364399 0 455565 0 Frank Ahimaz 396800 0 168664 0 654 0 262100 0 29428 0 857646 0 150000 0 Kathy Halbreich 407386 0 0 0 2772 0 72806 0 27566 0 510530 0 0 0 Peter Reed 328603 0 0 0 1445 0 45830 0 30410 0 406288 0 0 0 Ramona Bannayan 235691 0 0 0 524 0 98016 0 28941 0 363172 0 0 0 Jan Postma 282978 0 0 0 256 0 6626 0 28746 0 318606 0 0 0 Tunji Adeniji 227626 0 0 0 498 0 11700 0 30410 0 270234 0 0 0 Ann Temkin 218442 0 0 0 469 0 36815 0 30410 0 286136 0 0 0 Barry Bergdoll 205814 0 0 0 800 0 40878 0 30410 0 277902 0 0 0 Rajendra Roy 202341 0 0 0 166 0 10147 0 30410 0 243064 0 0 0 Cornelia Butler 203529 0 0 0 280 0 0 0 27082 0 230891 0 0 0 Christophe Cherix 196124 0 0 0 178 0 12768 0 27889 0 236959 0 0 0 Sabine Breitwieser 190886 0 0 0 471 0 5545 0 28746 0 225648 0 0 0 Peter Galassi 178050 0 0 0 754 0 0 0 29799 0 208603 0 0 0 Klaus Biesenbach 0 252623 0 0 0 0 0 12807 0 9262 0 274692 0 0 Kathy Thornton-Bias 322294 0 150000 0 504 0 11700 0 25582 0 510080 0 0 0 Tony Wai 200079 0 75000 0 176 0 136700 0 20009 0 431964 0 0 0 Christopher Hudson 290919 0 0 0 1901 0 55633 0 27270 0 375723 0 0 0 Lisa Mantone thru 12-23-2011 270124 0 0 0 447 0 21591 0 27082 0 319244 0 0 0 Patricia Jeffers 245836 0 0 0 548 0 27008 0 29410 0 302802 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The Museum requires that the Director live in an apartment in Museum Tower as a condition of his employment 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 the highest level of travel, business class, on flights longer than nine hours. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 The Museum provides bonus and incentive compensation based on measured performance objectives described in schedule J, Part II note. SchJ_P02_S00_L00 Schedule J, Part II Glenn D Lowry - Director and Chief Executive Officer. Full-time employee, officer and ex-officio trustee. Included in bonus and incentive compensation for 2011 is an annual bonus of $338,215. The Director is eligible for a long term performance bonus related to accomplishments of certain performance objectives over the period 2009-2013. As a condition of employment and for the Museum's convenience, the Director is required to reside on the museum's premises. The estimated value of his housing, approximately $318,000 per annum, is included in column D. James Gara - Chief Operating Officer and Assistant Treasurer. Full-time employee and officer but not Trustee. Included in bonus and incentive compensation is a performance bonus plan. A portion of the multi-year bonus plan was paid in 2011 and is included in compensation. The plan was subject to the achievement of multi-year service and performance requirements. Frank Ahimaz - Chief Investment Officer. Full-time employee but not Trustee. Eligible for annual bonus based on achievement of performance measures. Michael Margitich - Senior Deputy Director - External Affairs. Full-time employee but not Trustee. Included in bonus compensation is a performance bonus. A portion of the multi-year bonus plan was paid in 2011 and is included in compensation; the remainder was paid upon scheduled retirement. The plan was subject to the achievement of multi-year service and performance requirements. Kathy Thornton-Bias - Retail. Full-time employee but not Trustee. Eligible for annual bonus based on achievement of performance measures. Klaus Biesenback is the Director of MoMA PS1 and receives compensation from that entity. He also serves as MoMA's Chief Curator at Large. The Trust for Cultural Resources of the City of New York Series 2008 One-A 911882413 649717PD1 2008-07-23 202520188 Refund various Bonds of Issuer 0 0 0 The Trust for Cultural Resources of the City of New York Series 2010 One-A 911882413 649717QL2 2010-07-29 64582831 Refund Issuer's 2008 One-A and pay costs of issuance 0 0 0 The Trust for Cultural Resources of the City of New York Series 2012 One-D & Series 2012A 911882413 649717RM9 2012-05-01 104770510 Refund Issuer's 1996A, 2001A, 2001-One-D, and pay costs of issuance 0 0 0 64210000 0 202818443 0 0 0 1080188 0 0 0 201738255 0 2004 1 0 1 1 0 0 64593399 0 0 0 433188 0 0 0 64160211 0 2004 1 0 1 1 0 0 104772337 0 0 59552217 733734 0 0 0 44474858 11529 2004 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 SchK_P01_S00_L00f Schedule K, Part I, Column f Bonds refunded by 2008-One-A Bonds: Issuer's 2000-One-A (issued 3/14/00), 2000-One-B (issued 3/14/00), 2001-One-A (issued 12/13/01), 2001-One-B (issued 12/13/01), 2001-One-C (issued 12/13/01). Bonds refunded by 2012 Bonds: Issuer's 1996A (issued 11/20/96), 2001A (12/13/01), and 2001-One-D (issued 12/13/01). SchK_P02_S00_L03 Schedule K, Part II, Line 3 Columns A, B and C: Amount listed differs from the issue price listed in Part 1,(e) due to investment earnings from refunding escrows. SchK_P05_S00_L00 Schedule K, Part V Written procedures have been drafted and are currently under review. Top of the Rock LLC see comment 436634 see comment 0 SchL_P04_S00_L00 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 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. X 629 0 not applicable X 27 2562799 settlement 0 0 1 1 SchM_P01_S00_L32b 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. SchM_P01_S00_L33 Schedule M, Part I, Line 33 In accordance with 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. F990_P03_S00_L00 Form 990, Part III 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 seven 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, imagine, 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. F990_P06_S0A_L02 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. Robert B Menschel, Trustee, is a Senior Director of Goldman Sachs. He refrains from any decision-making or transactions between the Museum and Goldman Sachs. F990_P06_S0A_L06 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. F990_P06_S0A_L07a 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. F990_P06_S0B_L11b 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. F990_P06_S0B_L12c 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, agree to abide by it, identify whether he or she or a family member has any relationship with the Museum that may represent a conflict of interest as defined by the Code and report any knowledge of a transaction which should be reported under the Code, etc. When potential employee conflicts of interest are reported or identified, when necessary, an investigation is conducted to determine the facts and circumstances and recommendation of action, if warranted. Such action may include, but is not limited to, prohibiting the individual from participating in deliberations and decisions regarding the transaction in question, or taking disciplinary action, which in appropriate circumstances may include suspension or termination. The employee's supervisor is notified of an employee with identified conflicts and the action to be taken, if any. When potential Trustee conflicts of interest are reported or identified, the General Counsel's office makes a report to a committee of the Board of Trustees with a recommendation for action, if warranted, including but not limited to disclose to the Board of Trustees, prohibiting the Trustee from participating in and/or voting on the transaction in question, resignation from the Board of Trustees, etc. The Code of Conduct further provides that the committee make a recommendation to the Chairman of the Board for decision by the Board. F990_P06_S0B_L15 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 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, the last meeting was held in May during fiscal year 2012. F990_P06_S0C_L19 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. F990_P10_S00_L15 Form 990, Part X, Line 15 Other Assets consists of Trust for Cultural Resources Receivable of $35,644,726 and Accrued Income and Other Receivables of $1,719,956. F990_P11_S00_L05 Form 990, Part XI, Line 5 Other changes in net assets include defined benefit plan changes other than periodic benefit costs $26,143,160, changes in valuation of interest rate swap $518,463 and unrealized gains on the investment portfolio $23,438,811. 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 Operate Retail Stores 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 302296 4858810 0 1 1 Alta Cultura 11 West 53rd Street New York NY 10019 134114902 General Business Corporation DE N/A C 0 857198 1 5 Charitable Trusts N/A Various NY 10019 Trust NY N/A T 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 PS1 Contemporary Art Center Inc k 723515 cost method PS1 Contemporary Art Center Inc b 1042568 cost method Modern and Contemporary Art Support Corp o 894364 cost method Modern and Contemporary Art Support Corp o 32691675 Modern and Contemporary Art Support Corp purchases property adjacent to the Museum of Modern Art. The Museum advanced the funds to Modern and Contemporary Art Support Corp.