STRATEGY STUDIO / PUBLIC DATA EXPLORER

PEABODY ESSEX MUSEUM INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
PEABODY ESSEX MUSEUM INC (EIN 04-3157815)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-11-09
IRS object ID
201243149349300344
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-11-09T13:06:49-06:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN263753134EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CBIZ TOFIASBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1500 BOYLSTON STREETAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02116ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043157815EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1PEABODY ESSEX MUSEUM INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPEABNameControl
Phone9787459500Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1EAST INDIA SQUAREAddressLine1
CitySALEMCity
StateMAState
ZIP Code019703783ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameANNE MUNSCHName
TitleCHIEF FINANCIAL OFFICERTitle
Phone9787459500Phone
Date Signed2012-11-01DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCRAIG KLEINName
PTINP00734640PTIN
Phone6177610600Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonDAN L MONROENameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1EAST INDIA SQUAREAddressLine1
CitySALEMCity
StateMAState
ZIP Code019703783ZIPCode
FieldValueIRS element (for citing)
Gross Receipts184926323GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.PEM.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1992YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTHE MISSION OF THE PEABODY ESSEX MUSEUM IS TO CELEBRATE OUTSTANDING ARTISTIC AND CULTURAL CREATIVITY BY COLLECTING, STEWARDING AND INTERPRETING OBJECTS OF ART AND CULTURE IN WAYS THAT INCREASE KNOWLEDGE, ENRICH THE SPIRIT, ENGAGE THE MIND AND STIMULATE THE SENSES. THROUGH ITS EXHIBITIONS, PROGRAMS, PUBLICATIONS, MEDIA AND RELATED ACTIVITIES, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD.ActivityOrMissionDescription
Nbr Voting Members Governing Body24NbrVotingMembersGoverningBody
Nbr Independent Voting Members24NbrIndependentVotingMembers
Total Nbr Employees304TotalNbrEmployees
Total Nbr Volunteers144TotalNbrVolunteers
Total Gross UBI398621TotalGrossUBI
Net Unrelated Business Txbl Income-50379NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year87381774ContributionsGrantsPriorYear
Contributions Grants Current Year43070420ContributionsGrantsCurrentYear
Program Service Revenue Prior Year3214230ProgramServiceRevenuePriorYear
Program Service Revenue CY3175864ProgramServiceRevenueCY
Investment Income Prior Year1135679InvestmentIncomePriorYear
Investment Income Current Year5321604InvestmentIncomeCurrentYear
Other Revenue Prior Year1449323OtherRevenuePriorYear
Other Revenue Current Year1476466OtherRevenueCurrentYear
Total Revenue Prior Year93181006TotalRevenuePriorYear
Total Revenue Current Year53044354TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year5000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year10019127SalariesEtcPriorYear
Salaries Etc Current Year10574020SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year2701278TotalFundrsngExpCurrentYear
Other Expense Prior Year17994618OtherExpensePriorYear
Other Expenses Current Year22447311OtherExpensesCurrentYear
Total Expenses Prior Year28018745TotalExpensesPriorYear
Total Expenses Current Year33021331TotalExpensesCurrentYear
Revenues Less Expenses Prior Year65162261RevenuesLessExpensesPriorYear
Revenues Less Expenses CY20023023RevenuesLessExpensesCY
Total Assets BOY372283355TotalAssetsBOY
Total Assets EOY380976385TotalAssetsEOY
Total Liabilities BOY36753128TotalLiabilitiesBOY
Total Liabilities EOY37672447TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY335530227NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY343303938NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE MISSION OF THE PEABODY ESSEX MUSEUM IS TO CELEBRATE OUTSTANDING ARTISTIC AND CULTURAL CREATIVITY BY COLLECTING, STEWARDING AND INTERPRETING OBJECTS OF ART AND CULTURE IN WAYS THAT INCREASE KNOWLEDGE, ENRICH THE SPIRIT, ENGAGE THE MIND AND STIMULATE THE SENSES. THROUGH ITS EXHIBITIONS, PROGRAMS, PUBLICATIONS, MEDIA AND RELATED ACTIVITIES, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense6388800Expense
Revenue2582259Revenue
DescriptionEXHIBITIONS AND PUBLICATIONS: SEE SCHEDULE O.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense4929864Expense
Revenue8192Revenue
DescriptionCURATORIAL AND COLLECTIONS: SEE SCHEDULE O.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense2543315Expense
Revenue252698Revenue
DescriptionEDUCATION: SEE SCHEDULE O.Description

Activity Other ActivityOther (6 entries)

ExpenseExpenseDescriptionDescriptionRevenueRevenue
4286568ACQUISITIONS: IN 2011, OVER 680 SIGNIFICANT AND BEAUTIFUL OBJECTS WERE ACQUIRED BY THE MUSEUM THROUGH PURCHASE OR GIFT. THE OBJECTS SPANNED MOST OF THE MUSEUM'S MAJOR COLLECTING AREAS AND INCLUDED:- ONE HUNDRED FOURTEEN PIECES OF AMERICAN ART - MOST NOTABLY AN OIL PAINTING, PORTRAIT OF GEORGE H. SHATTUCK, BY FRANK W. BENSON; A 1685 OIL PAINTING ATTRIBUTED TO AMERICAN'S FIRST KNOWN PAINTER, THOMAS SMITH; AND A SIXTY-TWO PIECE COLLECTION OF DESIGNER AND FASHION-RELATED CLOTHING FROM FASHION ICON IRIS APFEL.- FORTY-EIGHT IMPORTANT PIECES FOR THE ASIAN EXPORT ART COLLECTION, INCLUDING AN OIL PAINTING, PORTRAIT OF TWO ENGLISH BOYS IN ASIAN CLOTHING, BY TILLY KETTLE, AND FOUR PAINTINGS DEPICTING THE HONGS OF CANTON DURING THE FIRE OF 1822. - FOUR CHINESE OBJECTS INCLUDING TWO PAINTINGS BY ARTIST QIU DESHU AND A BRONZE STATUE OF A CHINESE DEITY, DATED JIAGING 36.- A COMPUTER GENERATED DATA PROJECTION BY CHARLES SANDISON, ENTITLED FIGUREHEAD.- TWENTY-SIX NEW PIECES FOR THE MARITIME ART COLLECTION PROMINENT AMONG WHICH IS JOHN FREDERICK KENSETT'S OIL PAINTING, FORTY STEPS BEACH.- ONE THOUSAND THIRTY-FIVE WORKS FOR THE NATIVE AMERICAN ART COLLECTION, INCLUDING SEVERAL COLLECTIONS, NOTABLE AMONG WHICH ARE AN ETHNOGRAPHIC COLLECTION OF MORE THAN NINE HUNDRED WORKS OF ART AND ARTIFACTS, AND A COLLECTION OF 33 CONTEMPORARY SOUTHWESTERN NATIVE AMERICAN CERAMIC POTS. - A COLLECTION OF TWENTY PHOTOGRAPHS BY AMERICAN PHOTOGRAPHER MILTON ROGOVIN DOCUMENTING CHINA IN 1986. - NINE ACQUISITIONS FOR THE SOUTH ASIAN AND KOREAN ART COLLECTION REPRESENTING TWO PAINTINGS AND SEVEN WORKS ON PAPER BY ARTIST GIEVE PATEL.IN ADDITION TO THE MUSEUM'S MANY EXCITING NEW ADDITIONS, THE PHILLIPS LIBRARY CONTINUED TO ACQUIRE IMPORTANT RARE BOOKS, PAPERS, PRINTS, AND PHOTOGRAPHS - MORE THAN ONE THOUSAND NEW OBJECTS IN ALL DURING 2011.
1535257MEMBERSHIP AND GUEST SERVICES
2645006PUBLIC INFORMATION & CREATIVE SERVICES
860663MEDIA SERVICES
1234597ENTERPRISES887043
1162695EXPANSION PROJECT
FieldValueIRS element (for citing)
Total Of Other Program Service Exp11724786TotalOfOtherProgramServiceExp
Total Of Other Program Service Rev887043TotalOfOtherProgramServiceRev
Total Program Service Expense25586765TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art1CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities1ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP1LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions1DeductibleNonCashContributions
Deductible Contributions Of Art1DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109689NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees304NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account1ForeignFinancialAccount
Name Of Foreign CountryVINameOfForeignCountry
Name Of Foreign CountryCJNameOfForeignCountry
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions1QuidProQuoContributions
Quid Pro Quo Disclosure1QuidProQuoDisclosure
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members24NbrVotingGoverningBodyMembers
Number Independent Voting Members24NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonANNE MUNSCHNamePerson
Telephone Number9787459500TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PEABODY ESSEX MUSEUM EAST INDIAAddressLine1
CitySALEMCity
StateMAState
ZIP Code019703783ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (33 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
TINA AMBANI
TRUSTEE1.00X000
SAMUEL BYRNE
CO-CHAIRMAN1.00X000X
C RICHARD CARLSON
TREASURER1.00X000X
ALFRED CHANDLER
TRUSTEE1.00X000
MARTHA CHAYET
TRUSTEE1.00X000
SAMIR DESAI
TRUSTEE1.00X000
KIM SMITH GUERSTER
TRUSTEE1.00X000
CARTER HARRISON
TRUSTEE1.00X000
JAMES HAWKES
TRUSTEE1.00X000
D THOMAS HEALEY JR
TRUSTEE1.00X000
SEAN HEALEY
CO-CHAIRMAN1.00X000X
CARLA HERWITZ
SECRETARY1.00X000X
TIMOTHY INGRAHAM
VICE PRESIDENT1.00X000X
SUSAN LEAVITT
TRUSTEE1.00X000
SCOTT OFFEN
TRUSTEE1.00X000
JOHN PARKER
TRUSTEE1.00X000
STUART PRATT
VICE PRESIDENT1.00X000X
GEORGE PUTNAM
TRUSTEE1.00X000
JEFFREY RAYPORT
TRUSTEE1.00X000
C FRANKLIN SAYRE
TRUSTEE1.00X000
ROBERT SHAPIRO
PRESIDENT1.00X000X
NANCY TIEKEN
TRUSTEE1.00X000
ROSE-MARIE VAN OTTERLOO
VICE PRESIDENT1.00X000X
GAIL VON METZSCH
TRUSTEE1.00X000
DAN MONROE
EXECUTIVE DIRECTOR40.00578254048813X
JOSHUA BASSECHES
DEPUTY DIRECTOR40.00420574041731X
ANNE MUNSCH
CFO40.00212020021438X
LYNDA ROSCOE HARTIGAN
CHIEF CURATOR40.00230330047554X
CHRISTOPHER REASKE
CHIEF PHILANTHROPY OFFICER40.00375473017597X
HOWARD J FINNEY
CHIEF MARKETING OFFICER40.00207643040730X
ANNE BUTTERFIELD
DIR. INSTITUTIONAL GIVING40.00146114016645X
ROBERT MONK
DIR. OF FACILITIES & SEC.40.00151340032041X
SUSAN LAWRENCE
ASSOC. CHIEF PHILANTHROPY40.00125359032790X
FieldValueIRS element (for citing)
Total Reportable Comp From Org2447107TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation299339TotalOtherCompensation
Number Individuals GT100 K15NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensationAddress Line1AddressOfContractor/AddressForeign/AddressLine1CityAddressOfContractor/AddressForeign/CityCountryAddressOfContractor/AddressForeign/Country
ROUX ASSOCIATES INC
209 SHAFTER STREETISLANDIANY11749ENVIRONMENTAL SERVICES550249
RICK MATHER ARCHITECTS
ARCHITECTURAL SERVICES440729123 CAMDEN HIGH STREETLONDONUK
BACKSTAGE LIBRARY WORKS
533 EAST 1860 SOUTHPROVOUT84606LIBRARY SERVICES382924
FOLEY HOAG LLP
155 SEAPORT BOULEVARDBOSTONMA02210LEGAL SERVICES339057
NEPC LLC
ONE MAIN STREETCAMBRIDGEMA02142INVESTMENT SERVICES226036
FieldValueIRS element (for citing)
Number Of Contractors GT100 K8NumberOfContractorsGT100K
Membership Dues778000MembershipDues
Fundraising Events136585FundraisingEvents
Government Grants1364567GovernmentGrants
All Other Contributions40791268AllOtherContributions
Noncash Contributions1706523NoncashContributions
Total Contributions43070420TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
ADMISSIONS90009914232541423254
TRAVELING EXHIBITIONS90009910637451063745
FUNCTIONS900099332715332715
EDUCATION PROGRAM REV.900099252698252698
OTHER PROGRAM REVENUE900099103452103452
FieldValueIRS element (for citing)
Total Program Service Revenue3175864TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column3473980TotalRevenueColumn
Exclusion$3,473,980ExclusionAmount

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column8651TotalRevenueColumn
Exclusion$8,651ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real4500Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real14475Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real-9975Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column-9975TotalRevenueColumn
Exclusion-$9,975ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities132786418Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities130938794Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities1847624Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column1847624TotalRevenueColumn
Exclusion$1,847,624ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events81350GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events136585CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses133856FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column-52506TotalRevenueColumn
Exclusion-$52,506ExclusionAmount
FieldValueIRS element (for citing)
Gross Sales Of Inventory1571059GrossSalesOfInventory
Cost Of Goods Sold794844CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column776215TotalRevenueColumn
Related Or Exempt Function Income377594RelatedOrExemptFunctionIncome
Unrelated Business Revenue398621UnrelatedBusinessRevenue

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnExclusionExclusionAmount
SETTLEMENTS RECEIVED900099444225$444,225
MISC INVESTMENT INCOME900099133122$133,122

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column176734TotalRevenueColumn
Related Or Exempt Function Income176734RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue754081TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column53044354TotalRevenueColumn
Related Or Exempt Function Income3730192RelatedOrExemptFunctionIncome
Unrelated Business Revenue398621UnrelatedBusinessRevenue
Exclusion$5,845,121ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total1600712Total
Program Services642687ProgramServices
Management And General621375ManagementAndGeneral
Fundraising336650Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total7367804Total
Program Services5218457ProgramServices
Management And General755579ManagementAndGeneral
Fundraising1393768Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total602875Total
Program Services393994ProgramServices
Management And General92561ManagementAndGeneral
Fundraising116320Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total344444Total
Program Services208165ProgramServices
Management And General95564ManagementAndGeneral
Fundraising40715Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total658185Total
Program Services430140ProgramServices
Management And General101052ManagementAndGeneral
Fundraising126993Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total102000Total
Management And General102000ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total1681558Total
Program Services1297484ProgramServices
Management And General285114ManagementAndGeneral
Fundraising98960Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total655781Total
Program Services655781ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total939204Total
Program Services531507ProgramServices
Management And General338172ManagementAndGeneral
Fundraising69525Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total4288851Total
Program Services3305495ProgramServices
Management And General885021ManagementAndGeneral
Fundraising98335Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total817896Total
Program Services577117ProgramServices
Management And General106452ManagementAndGeneral
Fundraising134327Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total1656832Total
Program Services1639390ProgramServices
Management And General17355ManagementAndGeneral
Fundraising87Fundraising

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total4211328Total
Program Services3229452ProgramServices
Management And General883688ManagementAndGeneral
Fundraising98188Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total281764Total
Management And General281764ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
COLLECTION ACQUISITIONS42865684286568
EXHIBITIONS14339121433912
EXPANSION PROJECT EXP.11626951162695
HOSPITALITY39164614026971188180189

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total537276Total
Program Services433652ProgramServices
Management And General96403ManagementAndGeneral
Fundraising7221Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total33021331Total
Program Services25586765ProgramServices
Management And General4733288ManagementAndGeneral
Fundraising2701278Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY71282BOY
EOY55415EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY1628298BOY
EOY2104917EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY43199051BOY
EOY10908877EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY576864BOY
EOY116460EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
BOY197316BOY
EOY197316EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY672150BOY
EOY712429EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY806748BOY
EOY1149714EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis120929488LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec44387134LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY78283562BOY
EOY76542354EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY220191070BOY
EOY254804525EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY21504814BOY
EOY27312351EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY5152200BOY
EOY7072027EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY372283355BOY
EOY380976385EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1621094BOY
EOY1971299EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY457082BOY
EOY427806EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY31285000BOY
EOY30310000EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
EOY750000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY3389952BOY
EOY4213342EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY36753128BOY
EOY37672447EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY86917566BOY
EOY79648077EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY75580279BOY
EOY66173726EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY173032382BOY
EOY197482135EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY335530227BOY
EOY343303938EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY372283355BOY
EOY380976385EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses20023023ReconcilationRevenueExpenses
Reconcilation Other Changes-12249312ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years46833475CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years17633022CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years24532780CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year87381774CurrentTaxYearMinus1Year
Current Tax Year43070420CurrentTaxYear
Total219451471Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years46833475CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years17633022CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years24532780CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year87381774CurrentTaxYearMinus1Year
Current Tax Year43070420CurrentTaxYear
Total219451471Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total146600842AmountsSubstContributorsTotal
Public Support Total17072850629PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4295191CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years6533664CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years3516750CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2769911CurrentTaxYearMinus1Year
Current Tax Year3620253CurrentTaxYear
Total20735769Total

Net UBI NetUBI

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year708CurrentTaxYearMinus1Year
Total708Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years111557CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years105284CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years87176CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year115395CurrentTaxYearMinus1Year
Current Tax Year81350CurrentTaxYear
Total500762Total
FieldValueIRS element (for citing)
Total Support240688710TotalSupport
Gross Receipts From Admissions Etc19181687GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.30270PublicSupportPertcentage170
Public Support Pertcent Prior Year0.26850PublicSupportPertcentPriorYear
Ten Percent Test Current YearXTenPercentTestCurrentYear
Facts And Circumstances TestPURSUANT TO TREASURY REGULATION 1.170A-9(F)(3), THE ORGANIZATION SHOULD BE CONSIDERED A PUBLICLY SUPPORTED ORGANIZATION BECAUSE IT MEETS THE FACTS AND CIRCUMSTANCES TEST AS OUTLINED BELOW.TEN-PERCENT-OF-SUPPORT REQUIREMENT: PEABODY ESSEX MUSEUM (SOMETIMES REFERRED TO AS "PEM") SATISFIES THIS REQUIREMENT BECAUSE THE PERCENTAGE OF SUPPORT RECEIVED FROM GOVERNMENTAL UNITS, FROM CONTRIBUTIONS MADE DIRECTLY OR INDIRECTLY BY THE GENERAL PUBLIC, OR FROM A COMBINATION OF THESE SOURCES EXCEEDS 10% OF TOTAL SUPPORT. ATTRACTION OF PUBLIC SUPPORT REQUIREMENT: THE PEABODY ESSEX MUSEUM IS AND HAS ALWAYS BEEN ORGANIZED AND OPERATED IN A MANNER TO ATTRACT NEW AND BROAD-BASED PUBLIC AND GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS. A STAFF OF SEVENTEEN DEVELOPMENT PROFESSIONALS IS RESPONSIBLE FOR CONDUCTING EXTENSIVE AND VARIED FORMS OF FUNDRAISING DESIGNED TO ATTRACT SUPPORT FROM THE GENERAL PUBLIC, GOVERNMENTAL ENTITIES, CORPORATIONS AND FOUNDATIONS. THE ACTIVITIES CONDUCTED INCLUDE SOLICITATIONS COMMUNICATED THROUGH VARIOUS MEANS - EMAIL, MAIL, PHONE AND IN-PERSON. FUNDRAISING EVENTS ARE CONDUCTED TO GENERATE ANNUAL SUPPORT AS WELL AS TO FOSTER RELATIONSHIPS THAT LEAD TO FUTURE GIVING. THE INSTITUTIONAL GIVING STAFF IS RESPONSIBLE FOR SEEKING SUPPORT FOR THE MUSEUM'S MAJOR PROGRAMMATIC EFFORTS BY PRODUCING GRANT PROPOSALS DIRECTED TO BOTH GOVERNMENTAL AND NON-GOVERNMENTAL ENTITIES. ACROSS ALL OF THESE FUNDRAISING AREAS, MORE THAN 57,000 PROSPECTS AND EXISTING DONORS WERE SOLICITED FOR SUPPORT DURING 2011, RESULTING IN APPROXIMATELY 9,500 GIFTS COMING FROM 9,300 DIFFERENT DONORS. OTHER PUBLIC SUPPORT FACTORS 1. PERCENTAGE OF FINANCIAL SUPPORT FACTOR: THE MUSEUM'S PUBLIC SUPPORT PERCENTAGE FOR 2012 IS 30.27%, WHICH IS WELL ABOVE THE 10% TEST THRESHOLD. AS THE MUSEUM IS CURRENTLY IN THE MIDST OF A MAJOR CAPITAL CAMPAIGN, INDIVIDUAL SOLICITATIONS AND GIFTS TEND TO BE LARGER THAN WOULD BE EXPECTED DURING A NON-CAMPAIGN PERIOD WITH THE RESULTING IMPACT OF LOWERING THE PUBLIC SUPPORT PERCENTAGE. 2. SOURCES OF SUPPORT FACTOR: THE COLLECTIONS OF THE PEABODY ESSEX MUSEUM HAVE BEEN PUBLICLY ACCESSIBLE FOR 212 YEARS, WHICH RANKS IT AMONG THE FIRST AMERICAN MUSEUMS TO HAVE SUCH A PUBLIC MANDATE. THE PEABODY ESSEX MUSEUM TRACES ITS ORIGINS TO 1799 WHEN A GROUP OF SALEM-BASED, INTERNATIONAL, SEA-GOING BUSINESS LEADERS WERE AMONG THE FIRST AMERICANS TO DEVELOP TRADING RELATIONSHIPS WITH COUNTRIES IN ASIA, AFRICA, OCEANIA AND BEYOND. THESE EARLY AMERICAN ENTREPRENEURS BROUGHT BACK MAGNIFICENT ART AND ARTIFACTS FROM THE CULTURES THEY ENCOUNTERED AND WERE EAGER TO SHARE WHAT THEY HAD DISCOVERED WITH THE LARGER PUBLIC. ALTHOUGH MORE THAN 200 YEARS HAVE PASSED, THE MUSEUM'S COMMITMENT TO SERVING THE INTERESTS OF THE GENERAL PUBLIC IS AS STRONG AS EVER. THE MUSEUM'S COLLECTIONS ARE AMONG THE FINEST OF THEIR KIND AND ENCOMPASS AN UNRIVALED SPECTRUM OF CULTURES AND GENRE, INCLUDING AMERICAN ART AND ARCHITECTURE, AMERICAN DECORATIVE ART, MARITIME ART, NATIVE AMERICAN ART, ASIAN ART AND ARCHITECTURE, ASIAN EXPORT ART, AFRICAN ART, OCEANIC ART, PHOTOGRAPHY AND CONTEMPORARY ART. IN ADDITION, THE MUSEUM OPERATES THE PHILLIPS LIBRARY, ONE OF THE NATION'S MOST IMPORTANT MUSEUM-BASED COLLECTIONS OF RARE BOOKS AND MANUSCRIPTS. THE BREADTH OF THE MUSEUM'S COLLECTIONS AND OFFERINGS IS UNQUESTIONABLY VARIED, SO THAT IT IS CAPABLE OF APPEALING TO A WIDE VARIETY OF INTERESTS, WHICH IN TURN HELPS TO BUILD ATTENDANCE, COMMUNITY PARTICIPATION, COMMITMENT AND PHILANTHROPIC SUPPORT. IN RECENT YEARS, THE MUSEUM HAS CONTINUED TO EXPAND ITS FIELDS OF INTEREST; FOR EXAMPLE, CONTEMPORARY ART WAS ADDED AS NEW CURATORIAL DEPARTMENT IN 2009. CONTEMPORARY ART, IN PARTICULAR, IS ONE AVENUE FOR ENGAGING YOUNGER PEOPLE, THEREBY HELPING TO DEVELOP THE NEXT GENERATION OF INSTITUTIONAL LEADERS AND SUPPORTERS. BY EXPANDING THE PROGRAMMATIC SCOPE, THE MUSEUM HAS DEMONSTRATED ITS COMMITMENT TO PROVIDING OPPORTUNITIES FOR CONNECTING WITH A LARGER NUMBER OF PEOPLE, RATHER THAN LIMITING ITS APPEAL TO A FEW. AS NOTED PREVIOUSLY, THE MUSEUM RECEIVED SUPPORT FROM APPROXIMATELY 9,300 DIFFERENT DONORS DURING 2011. 3. REPRESENTATIVE GOVERNING BODY FACTOR: DURING 2011, 24 INDIVIDUALS SERVED ON PEM'S BOARD OF TRUSTEES. ALL OF THE TRUSTEES ARE INDEPENDENT VOTING MEMBERS AND REPRESENT A BROAD CROSS-SECTION OF VIEWS AND INTERESTS. AMONG THE MUSEUM'S TRUSTEES ARE INDIVIDUALS REPRESENTING DIFFERENT COMMUNITIES, FROM A LOCAL COMMUNITY LEADER IN SALEM TO REPRESENTATIVES OF THE INDIAN COMMUNITIES, BOTH IN THE UNITED STATES AND IN INDIA. PEM'S BOARD INCLUDES INDIVIDUALS WHO ARE THEMSELVES COLLECTORS AND/OR EXPERTS IN DIFFERENT AREAS OF ART, INCLUDING JAPANESE ART, RARE LIBRARY MATERIALS, AND DUTCH AND FLEMISH ART. TWO TRUSTEES HAVE BEEN INVOLVED DIRECTLY IN OPERATING MUSEUMS - ONE AS A FORMER CURATOR AND ONE WHO OVERSEES A MUSEUM FOR CONTEMPORARY ART. SEVERAL MEMBERS OF THE MUSEUM'S BOARD HAVE INTERESTS AND EXPERIENCE WITHIN THE FIELD OF EDUCATION, INCLUDING A FORMER UNIVERSITY EDUCATOR, A MUSEUM DOCENT, AND AN INDIVIDUAL RESPONSIBLE FOR ESTABLISHING AND OPERATING A FOUNDATION DEVOTED TO SUPPORTING K-12 EDUCATIONAL INITIATIVES. VARIOUS AREAS OF TECHNICAL EXPERTISE ARE ALSO REPRESENTED BY NUMEROUS BOARD MEMBERS, INCLUDING SPECIALIZED KNOWLEDGE OF REAL ESTATE, BUSINESS, JOURNALISM, LAW, INVESTING, LAND PROTECTION AND PRESERVATION. 4. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES FACTOR: DURING 2011, THE PEABODY ESSEX MUSEUM REPORTED ALMOST 250,000 ON-SITE VISITORS, COMING FROM BOTH THE LOCAL COMMUNITY AND FROM AROUND THE WORLD. THE MAIN MUSEUM GALLERIES ARE OPEN TO THE PUBLIC SIX DAYS PER WEEK, WHICH REPRESENTS ALMOST 2,200 HOURS ANNUALLY DURING WHICH THE PUBLIC HAS ACCESS TO THE VARIOUS COLLECTIONS AND PROGRAMS THAT ARE OFFERED. TO ENCOURAGE ENGAGEMENT WITH THE LOCAL COMMUNITY AND WITH STUDENTS, ADMISSION IS FREE FOR RESIDENTS OF SALEM, MASSCHUSETTS AND FOR YOUTH UNDER THE AGE OF 17. THE MUSEUM'S CAMPUS ALSO INCLUDES NUMEROUS PARKS AND GARDENS, AND 24 HISTORIC PROPERTIES, INCLUDING YIN YU TANG, THE ONLY EXAMPLE OF CHINESE DOMESTIC ARCHITECTURE ON DISPLAY IN THE UNITED STATES. PEM'S PHILLIPS LIBRARY, WHICH IS ONE OF THE OLDEST AND LARGEST RESEARCH LIBRARIES IN NEW ENGLAND, IS ALSO AVAILABLE TO THE GENERAL PUBLIC, SCHOLARS AND RESEARCHERS. ACROSS THE CAMPUS, THERE IS 123,000 SQUARE FEET OF PUBLIC EXHIBITION SPACE FOR USE IN DISPLAYING AND INTERPRETING THE MUSEUM'S VAST COLLECTIONS AND FOR PRESENTING CHANGING EXHIBITIONS, OF WHICH THERE WERE EIGHT OPENED DURING 2011. ANNUALLY, THE MUSEUM'S DEPARTMENT OF EDUCATION AND INTERPRETATION CONDUCTS HUNDREDS OF PROGRAMS DESIGNED TO ADVANCE ARTS LEARNING AND APPRECIATION. ALTHOUGH THESE PROGRAMS ARE DELIVERED IN MANY SPACES THROUGHOUT THE CAMPUS, THE MUSEUM HAS DEDICATED 13,000 SQUARE FEET SPECIFICALLY FOR THESE PURPOSES. THE WIDE ARRAY OF PROGRAMS OFFERED IS DESIGNED TO ATTRACT AND ENGAGE VISITORS OF ALL AGES WITH DIVERSE BACKGROUNDS, KNOWLEDGE, INTERESTS, PREFERENCES AND NEEDS. IN AN EFFORT TO ENSURE THAT A BROAD AUDIENCE IS SERVED, THE MUSEUM FOCUSES ON SEVERAL BROAD AUDIENCE CATEGORIES: K-12 STUDENTS, TEACHERS, FAMILIES AND ADULTS FROM COLLEGE AGE THROUGH SENIOR CITIZENS.FactsAndCircumstancesTest
General ExplanationSCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: PART II, SECTION B, LINE 10, OTHER INCOME: AMOUNTS REPORTED ON SCHEDULE A, PART II, LINE 10 ARE THE QUID PRO QUO PORTION OF FUNDRAISING REVENUE AS REPORTED ON FORM 990, PART VIII, LINE 8A.GeneralExplanation

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collect Used For Public ExhibitionXCollectUsedForPublicExhibition
Collect Used For Scholar ResearchXCollectUsedForScholarResearch
Collect Used For PreservationXCollectUsedForPreservation
Collect Used For Loan Or Exch PrgrmsXCollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale1SolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance196986297BeginningOfYearBalance
Contributions54896241Contributions
Investment Earnings Or Losses-5734170InvestmentEarningsOrLosses
Grants Or Scholarships0GrantsOrScholarships
Other Expenditures6340525OtherExpenditures
End Of Year Balance239807843EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance143779149BeginningOfYearBalance
Contributions42258108Contributions
Investment Earnings Or Losses16850095InvestmentEarningsOrLosses
Grants Or Scholarships5000GrantsOrScholarships
Other Expenditures5896055OtherExpenditures
End Of Year Balance196986297EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance117052262BeginningOfYearBalance
Contributions12225902Contributions
Investment Earnings Or Losses19984970InvestmentEarningsOrLosses
Grants Or Scholarships5000GrantsOrScholarships
Other Expenditures5478985OtherExpenditures
End Of Year Balance143779149EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance136939972BeginningOfYearBalance
Contributions13652230Contributions
Investment Earnings Or Losses-29026170InvestmentEarningsOrLosses
Grants Or Scholarships5000GrantsOrScholarships
Other Expenditures4508770OtherExpenditures
End Of Year Balance117052262EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.04060BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.77850PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.18090TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis1397019OtherCostOrOtherBasis
Book Value1397019BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis103660216OtherCostOrOtherBasis
Depreciation33235872Depreciation
Book Value70424344BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis12462483OtherCostOrOtherBasis
Depreciation10309901Depreciation
Book Value2152582BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis3409770OtherCostOrOtherBasis
Depreciation841361Depreciation
Book Value2568409BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings76542354TotalOfBookValueLandBuildings

Other Securities OtherSecurities (14 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
SCOUT CAPITAL FUND LTD.4716831F
CEVIAN CAPITAL FUND II (CLASS A)2431770F
BEACH POINT TOTAL RETURN OFFSHORE FUND II LTD.2376183F
MARINER-TRICADIA CREDIT STRATEGIES LTD. (CLASS C)2348727F
STANDARD PACIFIC CAPITAL OFFSHORE FUND LTD. (CLASS A SERIES C)1852990F
PERRY INTERN'L4377082F
REALTY ASSOC. ADV.3385332F
SIGULER GUFF DISTRESSED REAL ESTATE OPPORTUNITIES FUND1370033F
INDUSTRY VENTURES FUND VI, L.P.431812F
PRIVATE ADVISORS SMALL COMPANY BUYOUT FUND IV, L.P.459985F
SIGULER GUFF CAPITAL PARTNERS VLLI V LLC1369696F
SIGULER GUFF DISTRESSED OPPORTUNITIES FUND IV800461F
EIG GLOBAL ENERGY PARTNERS FUND XV1149284F
VISTA EQUITY PARTNERS FUND IV, L.P.242165F
FieldValueIRS element (for citing)
Total Of Book Value Securities27312351TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescriptionAmountAmount
INTEREST RATE SWAP, MARK TO MARKET$3,087,235
ENVIRONMENTAL REMEDIATION LIABILITY$115,000
OBLIGATION UNDER SPLIT-INTEREST AGREEMENTS$937,108
OBLIGATION UNDER LEASE$73,999
FieldValueIRS element (for citing)
Total Of Amounts4213342TotalOfAmounts
Total Revenue53044354TotalRevenue
Total Expenses33021331TotalExpenses
Excess Or Deficit For Year20023023ExcessOrDeficitForYear
Net Unrealized GL On Investments-11891174NetUnrealizedGLOnInvestments
Other-$358,138OtherAmount
Total Adjustments-12249312TotalAdjustments
Excess Or Deficit Per FS7773711ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt42096355TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments-11891174NetUnrealizedGainsInvestments
Other Revenues943175OtherRevenues
Revenue Not Rptd F990-10947999RevenueNotRptdF990
Revenue Subtotal53044354RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form99053044354TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt34322644TotExpensesEtcAuditedFinclStmt
Other Expenses Included1301313OtherExpensesIncluded
Expenses Not Rptd F9901301313ExpensesNotRptdF990
Expenses Subtotal33021331ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form99033021331TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
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 UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES.
PART III, LINE 4:THE PEABODY ESSEX MUSEUM (THE MUSEUM) PRESENTS ART AND CULTURE FROM NEW ENGLAND AND AROUND THE WORLD. THE MUSEUM'S COLLECTIONS ARE AMONG THE FINEST OF THEIR KIND, SHOWCASING AN UNRIVALED SPECTRUM OF AMERICAN ART AND ARCHITECTURE (INCLUDING FOUR NATIONAL HISTORIC LANDMARK BUILDINGS) AND OUTSTANDING ASIAN, ASIAN EXPORT, NATIVE AMERICAN, AFRICAN, OCEANIC, MARITIME, CONTEMPORARY AND PHOTOGRAPHY COLLECTIONS. IN ADDITION TO ITS VAST COLLECTIONS, THE MUSEUM OFFERS A VIBRANT SCHEDULE OF CHANGING EXHIBITIONS AND A HANDS-ON EDUCATION CENTER. THE MUSEUM CAMPUS FEATURES PARKS, PERIOD GARDENS, AND 22 HISTORIC PROPERTIES, INCLUDING YIN YU TANG, A 200-YEAR-OLD HOUSE THAT IS THE ONLY COMPLETE EXAMPLE OF CHINESE DOMESTIC ARCHITECTURE ON DISPLAY IN THE UNITED STATES.
PART V, LINE 4:TO PROVIDE BOTH GENERAL AND SPECIFIC SUPPORT FOR MUSEUM OPERATIONS.DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
PART X:THE MUSUEM ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE MUSEUM HAS IDENTIFIED ITS STATUS AS A PUBLICLY SUPPORTED TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT POSITION AND HAS DETERMINED THAT SUCH POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. ITS FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE THREE YEARS AFTER THE DATE OF FILING OF THE RELATED RETURN. THE MUSEUM'S 2009 FEDERAL RETURNS 990 AND 990-T ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -335,855. CHANGE IN VALUE OF INTEREST RATE SWAP -22,283. TOTAL TO SCHEDULE D, PART XI, LINE 8: -358,138.PART XI, LINE 8 - OTHER ADJUSTMENTS:
COST OF GOODS SOLD 794,844. BUILDING RENTAL EXPENSES 14,475. SPECIAL EVENT EXPENSES 133,856.PART XII, LINE 2D - OTHER ADJUSTMENTS:
COST OF GOODS SOLD 794,844. BUILDING RENTAL EXPENSES 14,475. SPECIAL EVENT EXPENSES 133,856. CHANGE IN VALUE OF INTEREST RATE SWAP 22,283. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 335,855.PART XIII, LINE 2D - OTHER ADJUSTMENTS:

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA AND THE CARIBBEAN -Region
Number Of Offices0NumberOfOffices
Number Of Employees0NumberOfEmployees
Type Of Activities ConductedINVESTMENTSTypeOfActivitiesConducted
Total Expenditures54550169TotalExpenditures
FieldValueIRS element (for citing)
Subtotal Number Of Offices0SubtotalNumberOfOffices
Subtotal Number Of Employees0SubtotalNumberOfEmployees
Cont Number Of Offices0ContNumberOfOffices
Cont Number Of Employees0ContNumberOfEmployees
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees0TotalNumberOfEmployees
Subtotal Amount Spent54550169SubtotalAmountSpent
Cont Amount Spent0ContAmountSpent
Total Amount Spent54550169TotalAmountSpent
Transfer To Foreign Corp1TransferToForeignCorp
Interest In Foreign Trust0InterestInForeignTrust
Own Foreign Corp1OwnForeignCorp
Passive Foreign Invest Co1PassiveForeignInvestCo
Foreign Partnership0ForeignPartnership
Boycott Countries0BoycottCountries

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1ANNUAL GALANameOfEvent1
Gross Receipts Event1217935GrossReceiptsEvent1
Charitable Contributions Event1136585CharitableContributionsEvent1
Gross Revenue Event181350GrossRevenueEvent1
Food And Beverage Event160009FoodAndBeverageEvent1
Entertainment Event112085EntertainmentEvent1
Other Direct Expenses Event161762OtherDirectExpensesEvent1
Gross Receipts Total217935GrossReceiptsTotal
Charitable Contributions Total136585CharitableContributionsTotal
Gross Revenue Total Events81350GrossRevenueTotalEvents
Food And Beverage Total Events60009FoodAndBeverageTotalEvents
Entertainment Total Events12085EntertainmentTotalEvents
Other Direct Expenses Total Events61762OtherDirectExpensesTotalEvents
Direct Expense Summary Events133856DirectExpenseSummaryEvents
Net Income Summary-52506NetIncomeSummary

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsXTravelForCompanions
Idemnification Gross Up PaymentsXIdemnificationGrossUpPayments
Written Policy Re T And E Expenses1WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments1AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
DAN MONROE
504306000739480330750157380627067000
JOSHUA BASSECHES
392574028000000147000270310462305000
ANNE MUNSCH
19202002000000011749096890233458000
LYNDA ROSCOE HARTIGAN
208330022000000228460247080277884000
CHRISTOPHER REASKE
35947301600000014700028970393070000
HOWARD J FINNEY
19964308000000127230280070248373000
ANNE BUTTERFIELD
14576403500008937077080162759000
ROBERT MONK
134840016500000168640151770183381000
SUSAN LAWRENCE
1250090350000176450151450158149000

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

Return ReferenceReturnReferenceExplanationExplanation
PART I, LINE 1AEXECUTIVE DIRECTOR TRAVEL PLANS FOR EACH YEAR ARE REVIEWED AND APPROVED BY THE PRESIDENT OF THE BOARD OF DIRECTORS BEFORE ANY TRAVEL IS UNDERTAKEN. THESE AMOUNTS CAN AND OFTEN DO INCLUDE SPOUSAL TRAVEL FOR THE EXECUTIVE DIRECTOR'S WIFE. ALL AMOUNTS FOR SPOUSAL TRAVEL ARE REFLECTED AS TAXABLE COMPENSATION TO THE EXECUTIVE DIRECTOR. A TAX GROSS-UP PAYMENT (ALSO INCLUDED IN TAXABLE COMPENSATION) IS MADE IN THE SUBSEQUENT YEAR.
PART I, LINE 7DISCRETIONARY BONUSES WERE PROVIDED TO ALL STAFF MEETING A MINIMUM SERVICE REQUIREMENT. BONUS AMOUNTS WERE DETERMINED AND APPROVED BY THE MUSEUM'S DIRECTOR, WORKING IN CONSULTATION WITH THE DEPUTY DIRECTOR, THE DIRECTOR OF HUMAN RESOURCES AND MEMBERS OF THE COMPENSATION COMMITTEE.

Schedule L IRS990ScheduleL

Loan Table LoanTable

FieldValueIRS element (for citing)
Name PersonDAN MONROENamePerson
Purpose Of LoanMORTGAGE LOANPurposeOfLoan
Loan From OrganizationXLoanFromOrganization
Original Principal$200,000OriginalPrincipalAmount
Balance Due197316BalanceDue
Default0Default
Approved By Board1ApprovedByBoard
Written Agreement1WrittenAgreement
FieldValueIRS element (for citing)
Total Balance Due197316TotalBalanceDue

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions32NumberOfContributions
Noncash Contribs Rptd F9900NoncashContribsRptdF990
Method Of Determining RevenuesCOLL. OBJ. NOT VALUEDMethodOfDeterminingRevenues

Books And Publications BooksAndPublications

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Noncash Contribs Rptd F9900NoncashContribsRptdF990
Method Of Determining RevenuesCOLL. OBJ. NOT VALUEDMethodOfDeterminingRevenues

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions37NumberOfContributions
Noncash Contribs Rptd F9901706523NoncashContribsRptdF990
Method Of Determining RevenuesAVG. HIGH/LOW ON VALUEMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Number Of8283 Received6NumberOf8283Received
Any Property That Must Be Held0AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts1ReviewProcessUnusualNCGifts
Third Parties Used1ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS:PART I, COLUMN (B):THE NUMBER SHOWN IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS.
THIRD PARTY USE:PART I, LINE 32B:FIDUCIARY TRUST COMPANY, 175 FEDERAL STREET, BOSTON, MA 02110 IS USED TO SELL CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
PROGRAM SERVICE STATEMENTFORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE:EXHIBITIONS AND PUBLICATIONS: DUE IN LARGE PART TO ITS MANY POPULAR EXHIBITIONS, THE MUSEUM CONCLUDED ANOTHER SUCCESSFUL YEAR, PRESENTING EXCELLENT AND DYNAMIC EXAMPLES OF ART AND CULTURE TO APPROXIMATELY 900,000 PEOPLE DURING 2011 - 248,000 ON-SITE VISITORS IN SALEM AND ALMOST 650,000 PEOPLE WHO ATTENDED PEM-ORGANIZED EXHIBITIONS PRESENTED AT OTHER VENUES. THIS YEAR MARKED THE THIRD CONSECUTIVE YEAR OF ATTENDANCE INCREASES AND FALLS LESS THAN 600 VISITORS SHORT OF ITS HIGHEST ATTENDANCE EVER RECORDED. APPROXIMATELY ONE-FIFTH OF GENERAL ADMISSION VISITORS ALSO VISITED YIN YU TANG, THE ONLY COMPLETE QING DYNASTY HOUSE OUTSIDE OF CHINA AND A MODEL IN INTERNATIONAL HISTORIC PRESERVATION. THE MUSEUM'S 2011 EXHIBITION CALENDAR INCLUDED MANY STYLES AND SOURCES OF ART AND CULTURE. THE MUSEUM OPENED EIGHT NEW SPECIAL EXHIBITIONS IN 2011 AND CONTINUED SEVEN SHOWS THAT OPENED IN 2010, INCLUDING: - FACES OF DEVOTION, INDIAN SCULPTURE FROM THE FIGIEL COLLECTION (APRIL 10,2010 THROUGH JULY 15, 2012): THIS EXHIBITION CELEBRATES PEM'S ACQUISITION OF DR. LEO FIGIEL'S COLLECTION OF VERNACULAR INDIAN RELIGIOUS SCULPTURE FROM DIVERSE TRADITIONS ACROSS INDIA-THE COLLECTION IS RECOGNIZED AS THE FINEST OF ITS KIND IN EXISTENCE. WORKS RANGE OVER THE PAST MILLENNIUM, WITH MOST DATING FROM THE 16TH TO 19TH CENTURIES. MANY OF THESE BRONZES WERE MADE FOR HINDU RITUAL PRACTICE IN THE REGION THAT IS NOW THE STATES OF MAHARASHTRA AND KARNATAKA. - PAINTING THE MODERN IN INDIA (APRIL 10, 2010 THROUGH JUNE, 2012): SEVEN RENOWNED PAINTERS WHO CAME OF AGE DURING THE HEIGHT OF THE MOVEMENT TO FREE INDIA FROM BRITISH RULE PIONEERED NEW APPROACHES TO PAINTING, REPOSITIONING THEIR PRACTICES INTERNATIONALLY AND IN RELATION TO INDIA'S 5,000-YEAR HISTORY OF ART. THIS EXHIBITION FEATURED WORKS DRAWN FROM PEM'S HERWITZ COLLECTION, AMERICA'S MOST IMPORTANT HOLDING OF 20TH CENTURY INDIAN ART AND THE THE TINA AND ANIL AMBANI COLLECTION, ONE OF INDIA'S LEADING PRIVATE COLLECTIONS. - EYE SPY: PLAYING WITH PERCEPTION (JUNE 19, 2010 THROUGH MAY 22, 2011): EYE SPY PRESENTED 11 LEADING REGIONAL AND NATIONAL ARTISTS WHO FOCUS ON DIFFERENT ASPECTS OF PERCEPTION IN THEIR ART, INCLUDING VIEWS OF NATURE. THIS EXHIBITION EXPLORED HOW EACH OF THE ARTISTS USES FUNDAMENTALS OF PERCEPTION (E.G., LIGHT, FORM, COLOR, AND LINE) TO CREATE THEIR INNOVATIVE WORKS. VISITORS WERE ABLE TO EXPERIENCE WAYS IN WHICH PERCEPTION AND ILLUSION INFLUENCE THE WAY WE INTERPRET OUR WORLD THROUGH BOTH ARTWORKS AND RELATED INTERACTIVE ACTIVITIES. - IMPRINTS: PHOTOGRAPHS BY MARK RUWEDEL (JUNE 5, 2010 THROUGH FEBRUARY 21, 2011): THIS EXHIBITION BROUGHT TOGETHER SPECTACULAR COLOR AND BLACK-AND-WHITE PHOTOGRAPHS OF DINOSAUR TRACKS AND ANCIENT HUMAN FOOTPATHS BY MARK RUWEDEL, ONE OF THE COUNTRY'S PRE-EMINENT CONTEMPORARY LANDSCAPE PHOTOGRAPHERS. COLLECTIVELY, THESE PICTURES RECORD CHANGES IN THE LAND OVER MILLENNIA, AND THE STRANGE AND WONDERFUL LOCATIONS IN WHICH PREHISTORIC EVIDENCE IS NOW FOUND. IN RUWEDEL'S PHOTOGRAPHS, FOOTPRINTS APPEAR AND DISAPPEAR INEXPLICABLY, DESCENDING INTO GORGES, CROSSING RIVERS, AND CIRCLING MOUNTAINS-MYSTERIOUS MEMENTOS OF PEOPLES AND ANIMALS FROM LONG AGO. RUWEDEL USES THE CAMERA TO DOCUMENT TRAVELS THROUGH THE LANDSCAPE - HIS OWN AS WELL AS THOSE OF THE FOOTPRINTS HE FINDS. HIS PHOTOGRAPHS ARE BEAUTIFUL BUT ALSO POIGNANT, RAISING QUESTIONS ABOUT THE PASSAGE OF TIME, THE EPHEMERAL NATURE OF EXISTENCE, AND THE NATURE OF PHOTOGRAPHIC REPRESENTATION. RUWEDEL'S PICTURES OF DINOSAUR TRACKS HAD NEVER BEEN SHOWN BEFORE JUST AS THE ANCIENT HUMAN FOOTPATHS THEMSELVES ARE SELDOM SEEN. - THE EMPEROR'S PRIVATE PARADISE: TREASURES FROM THE FORBIDDEN CITY (SEPTEMBER 11, 2010 THROUGH JANUARY 9, 2011): DURING HIS REIGN FROM 1736 TO 1796, CHINA'S QIANLONG EMPEROR WAS ONE OF THE RICHEST, MOST POWERFUL LEADERS IN THE WORLD AND ALSO A VISIONARY PATRON OF THE ARTS. THE ELEGANT, INTIMATE PALACE GARDEN COMPLEX THAT HE BUILT WITHIN THE FORBIDDEN CITY FOR HIS RETIREMENT, AS WELL AS THE MANY ARTWORKS HE COMMISSIONED FOR THE COMPLEX, WERE SEQUESTERED FROM PUBLIC VIEW SINCE THE LATE 1700S AND ARE NOW UNDERGOING EXTENSIVE CONSERVATION. THE CULMINATION OF COLLABORATION AMONG PEM, THE PALACE MUSEUM, BEIJING, AND WORLD MONUMENTS FUND, THIS THEMATIC EXHIBITION PRESENTED 90 NEVER-BEFORE-SEEN MURALS, PAINTINGS, WALL COVERINGS, JADES, FURNITURE, AND ARCHITECTURAL ELEMENTS FROM THE QIANLONG GARDEN AND THE PALACE MUSEUM. THE CHOICE SELECTION OF OBJECTS EXPRESSES THE EMPEROR'S DESIRE TO INTEGRATE ART, NATURE, AND ARCHITECTURE AS WELL AS ANCIENT CULTURAL VALUES AND NEW PERSPECTIVES IN AN EXQUISITELY CRAFTED PALACE GARDEN COMPLEX THAT HAS BEEN DESCRIBED AS A MINI FORBIDDEN CITY AND A GEM AMONG EXISTING IMPERIAL CHINESE GARDENS. AFTER THE COMPLETION OF ITS RUN AT PEM, THIS EXHIBITION WILL TRAVEL TO TWO OTHER MAJOR AMERICAN ART MUSEUMS: THE METROPOLITAN MUSEUM OF ART, AND MILWAUKEE ART MUSEUM. PEM ALSO PARTNERED WITH YALE UNIVERSITY PRESS TO CO-PUBLISH A MAJOR EXHIBITION CATALOG IN CONJUNCTION WITH THIS EXHIBITION. - FREEPORT NO. 1: CHARLES SANDISON "FIGUREHEAD" (OCTOBER 1, 2010 THROUGH APRIL 24, 2011): FOR FREEPORT, PEM'S GROUNDBREAKING PROGRAM OF CONTEMPORARY ART, SEVERAL ARTISTS WILL ANNUALLY CREATE WORKS IN DIALOGUE WITH THE MUSEUM, ITS COLLECTION AND ITS HISTORICAL ARCHITECTURE. THE FIRST PROJECT WAS A MAJOR COMMISSION BY CHARLES SANDISON. RENOWNED FOR HIS ANIMATED DIGITAL TEXT PROJECTIONS IN DRAMATIC ARCHITECTURAL SETTINGS SUCH AS THE GRAND PALAIS IN PARIS, SANDISON CREATED "FIGUREHEAD," AN INSTALLATION FOR THE EAST INDIA MARINE HALL, THE MUSEUM'S ORIGINAL BUILDING AND HOME TO SOME OF THE EARLIEST WORKS IN THE COLLECTION. VISITORS WERE IMMERSED IN THE ANIMATED WORDS OF THE SEA CAPTAINS AND MERCHANTS RECORDED IN PEM'S EXTRAORDINARY COLLECTION OF SHIPS' LOGS AND JOURNALS THAT MAKE VISIBLE THE TRADE ROUTES, POLITICS, COMPETITION, AND EMOTIONS THAT LED TO THE MUSEUM'S FOUNDING AND PEM'S GLOBAL COLLECTION. - WRITTEN ON THE WAVES, SHIPBOARD JOURNALS AND LOGBOOKS (OCTOBER 2, 2010 THROUGH JULY 15, 2012): THIS EXHIBITION ENCOURAGED VISITORS TO DELVE INTO THE WORLD OF MARITIME MANUSCRIPTS AS WORKS TO BE APPRECIATED AS AESTHETIC OBJECTS, STORYTELLERS, AND TOUCHSTONES OF PERSONAL EXPERIENCE. THE EXHIBITION FEATURED A RANGE OF MANUSCRIPTS FROM THE PHILLIPS LIBRARY COLLECTION, INCLUDING EXAMPLES FROM THE REVOLUTIONARY WAR AND EARLY SALEM VOYAGES TO ASIA, AS WELL AS BY CAPTAIN'S WIVES AND CHILDREN. - GOLDEN: DUTCH AND FLEMISH MASTERWORKS FROM THE ROSE-MARIE AND EIJK VAN OTTERLOO COLLECTION (FEBRUARY 26, 2011 THROUGH JUNE 19, 2011): SIXTY-SEVEN PAINTINGS FROM THE INTERNATIONALLY ACCLAIMED COLLECTION OF ROSE-MARIE AND EIJK VAN OTTERLOO ILLUMINATE ONE OF THE GREATEST ARTISTIC AND CULTURAL CHAPTERS IN HISTORY. THE COLLECTION INCLUDES MASTERWORKS BY THE LEADING DUTCH AND FLEMISH ARTISTS OF THE PERIOD: REMBRANDT, FRANS HALS, JACOB VAN RUISDAEL, JAN BRUEGHEL THE ELDER, ALBERT CUYP, GERRIT DOU, WILLEM (CLAESZ) HEDA, NICHOLAS MAES, JAN STEEN, AND MANY OTHERS. AN EMERGING MERCHANT CLASS IN THE NETHERLANDS PATRONIZED THESE ARTISTS, ANNOUNCING BOTH THEIR NATIONAL PRIDE AND ARTISTIC AWARENESS THROUGH THE BROAD RANGE OF IMAGERY IN THE PAINTINGS THEY ACQUIRED-THE TURMOIL AND TRANQUILITY OF THE SEA, PROSPEROUS CITIES AND VILLAGES, THE FERTILE DUTCH COUNTRYSIDE IN ALL ITS GRANDEUR, INTIMATE STILL LIFES, PORTRAITS, AND SCENES OF DAILY LIFE. AT PEM, APPROXIMATELY 15 EXAMPLES OF SEVENTEENTH-CENTURY DUTCH AND FLEMISH FURNITURE AND DECORATIVE ARTS, ALSO FROM THE VAN OTTERLOO COLLECTION, ACCOMPANIED THESE GLORIOUS PAINTINGS. - FREEPORT NO. 2: MARIANNE MUELLER "ANY HOUSE IS A HOME" (MARCH 26, 2011 THROUGH MARCH 4, 2012): SINCE HER EARLY TWENTIES, SWISS ARTIST MARIANNE MUELLER HAS BEEN MAKING A PHOTOGRAPHIC ARCHIVE OF HER LIFE COMPRISED OF TENS OF THOUSANDS OF PHOTOGRAPHS, EACH REPRESENTING A MOMENT OF EXPERIENCE OR REVELATION. IN HER ART, MUELLER COMBINES SEEMINGLY UNRELATED IMAGERY FROM HER ARCHIVE IN PROVOCATIVE WAYS. THIS INSTALLATION COMBINED HER PHOTOGRAPHS WITH SELECTIONS FROM PEM'S COLLECTION OF PHOTOGRAPHS AND AMERICAN DECORATIVE ARTS. MUELLER IS A LEADING FIGURE IN EUROPEAN PHOTOGRAPHY, AND THIS EXHIBITION REPRESENTED HER AMERICAN MUSEUM DEBUT.
- FREEPORT NO. 3: SUSAN PHILLIPSZ (MAY 7, 2011 THROUGH NOVEMBER 6, 2011): SUSAN PHILLIPSZ, THE 2010 TURNER PRIZE WINNING ARTIST, CREATES SOUND INSTALLATIONS THAT EXPLORE WAYS IN WHICH THE EMOTIVE AND PSYCHOLOGICAL PROPERTIES OF SONG ALTER A LISTENER'S PERCEPTION OF PLACE AND TIME. WHILE SHE HAS USED A WIDE RANGE OF SOUND SOURCES, MOST OF HER WORK IS BASED ON RECORDINGS OF HER SINGING ANTHEMS, FOLK MUSIC, OR POP SONGS A CAPPELLA. PHILLIPSZ CREATED A NEW EIGHT-CHANNEL AUDIO INSTALLATION FOR PEM'S EAST INDIA MARINE HALL. HER VOICE WAS PROJECTED THROUGH AN ARRAY OF SPEAKERS INSTALLED TO ARTICULATE THE SOCIAL AND SPATIAL QUALITIES OF THE SPACE. HEARING HER DISEMBODIED VOICE IN SETTINGS WHERE SUCH AN INTIMATE EXPERIENCE IS UNEXPECTED SET UP A TENSION BETWEEN THE LISTENER'S PRIVATE MEMORIES AND THE COMMUNAL ASSOCIATIONS OF SONG. A PERSONAL REVERIE COULD BE CONNECTED TO SHARED AND EVEN COLLECTIVE MEMORIES ASSOCIATED WITH THE SPECIFIC ENVIRONMENT. - MAN RAY | LEE MILLER: PARTNERS IN SURREALISM (JUNE 11, 2011 THROUGH DECEMBER 4, 2011): THIS EXHIBITION BROUGHT TOGETHER WORKS MADE BY TWO GIANT FIGURES IN EUROPEAN SURREALISM: THE PAINTER, SCULPTOR, AND PHOTOGRAPHER MAN RAY, AND THE PHOTOGRAPHER LEE MILLER. FROM 1929-1932, THE TWO LIVED TOGETHER IN PARIS, FIRST AS TEACHER AND STUDENT, AND LATER AS LOVERS. THEIR MERCURIAL RELATIONSHIP RESULTED IN SOME OF THE MOST POWERFUL WORK OF EACH ARTIST'S CAREER, AND HELPED SHAPE THE COURSE OF MODERN ART. BRINGING TOGETHER UNIQUE AND VINTAGE PHOTOGRAPHS, PAINTINGS, SCULPTURE, AND DRAWINGS PRIMARILY FROM THE LEE MILLER ESTATE IN ENGLAND, THE EXHIBITION TOLD THE STORY OF THE ARTISTS' BRIEF BUT IMPORTANT ASSOCIATION. HISTORICALLY, MILLER HAS BEEN DESCRIBED AS MAN RAY'S MUSE, BUT "PARTNERS IN SURREALISM" REVEALED HOW THE ARTISTS INSPIRED EACH OTHER EQUALLY, COLLABORATING ON NUMEROUS WORKS, AND ALSO EXAMINED THE LINGERING EFFECT EACH HAD ON THE OTHER'S ART. THE WORKS HAVE RARELY BEEN SEEN IN THE UNITED STATES. CONNECTING PHOTOGRAPHY WITH OTHER MEDIA, THE EXHIBITION CELEBRATED HOW THE SURREALISTS COMBINED IMAGERY IN UNEXPECTED WAYS, CREATING EXTRAORDINARY FEATS OF IMAGINATION. IT ALSO SHOWED HOW THE THEMES OF LOVE, LUST, AND DESIRE DROVE THE ART OF THE SURREALISTS. - RIPPLE EFFECT, THE ART OF H2O (JUNE 18, 2011 THROUGH JULY 8, 2012): WATER SERVES AS INSPIRATION, CREATIVE MATERIAL AND METAPHOR FOR LIFE. WATER IN ITS DIFFERENT STATES (AS A GAS, A LIQUID, AND A SOLID) HAS UNIQUE PROPERTIES FOR ARTISTIC EXPLORATION. WE, AS HUMANS, ARE MADE UP OF IT AND EVOLVED OUT OF IT. WITHOUT WATER, LIFE COULD NOT EXIST, AND THE AVAILABILITY OF CLEAN FRESHWATER IS AN INCREASINGLY LIMITED RESOURCE. WARS HAVE ALREADY BEEN FOUGHT OVER WATER AND CREDIBLE AUTHORITIES ASSERT WORLD DEMAND FOR IT WILL EXCEED SUPPLY BY OVER 50% IN JUST 15 YEARS. THROUGH ARTWORK AND VARIED INTERACTIVE EXPERIENCES, VISITORS ENCOUNTERED WATER IN ITS DIFFERENT STATES, DISCOVERING ITS ALLURE TO ARTISTS, ITS REMARKABLE PROPERTIES, AND ITS INCREASING VULNERABILITY. - PAINTING THE AMERICAN VISION (JULY 30, 2011 THROUGH NOVEMBER 6, 2011): IN THE MID-1800S A LOOSELY KNIT GROUP OF AMERICAN ARTISTS-NOW KNOWN AS THE HUDSON RIVER SCHOOL-AS WELL AS POETS AND WRITERS, FORGED A SELF-CONSCIOUSLY "AMERICAN" LANDSCAPE VISION. THIS VISION WAS GROUNDED IN THE EXPLORATION OF THE NATURAL WORLD AS A RESOURCE FOR SPIRITUAL RENEWAL AND AS AN EXPRESSION OF CULTURAL AND NATIONAL IDENTITY. DRAWN FROM THE EXTRAORDINARY COLLECTION OF THE NEW-YORK HISTORICAL SOCIETY, THIS EXHIBITION FEATURED 45 CELEBRATED MASTERPIECES OF AMERICAN LANDSCAPE PAINTING, INCLUDING THOMAS COLE'S ICONIC SERIES OF MONUMENTAL PAINTINGS, "THE COURSE OF THE EMPIRE," AND WORKS BY ALBERT BIERSTADT, FREDERIC EDWIN CHURCH, JASPER FRANCIS CROPSEY, ASHER B. DURAND, SANFORD ROBINSON GIFFORD, THOMAS HILL, GEORGE INNESS, JOHN FREDERICK KENSETT, AND FRANCIS SILVA. - FREEPORT NO. 4: PETER HUTTON "AT SEA" (JULY 30, 2011 THROUGH JULY 2012): A FILM MAKER AND MERCHANT SEAMAN, PETER HUTTON HAS SPENT NEARLY 40 YEARS VOYAGING AROUND THE WORLD, OFTEN BY CARGO SHIP. HE CREATES MEDITATIVE, LUMINOUSLY PHOTOGRAPHED FILM STUDIES OF PLACES-FROM THE YANGTZE RIVER TO THE POLISH INDUSTRIAL CITY OF LODZ, AND FROM THE FJORD VALLEY AND COASTLINE OF NORTHERN ICELAND TO THE SHIP GRAVEYARD ON THE BANGLADESHI SHORE. HIS BACKGROUND IN MARITIME SERVICE AND THE ART AND LITERATURE OF SEAFARING, AS WELL AS EASTERN AND WESTERN PAINTERLY TRADITIONS, INSPIRE HIS WORK. THE CENTERPIECE OF THIS EXHIBITION-HIS FILM AT SEA (2007)-DEPICTS THE LIFE CYCLE OF A CONTAINER SHIP FROM MECHANIZED CONSTRUCTION IN MODERN KOREAN SHIPYARDS, ITS JOURNEY ACROSS THE ATLANTIC, TO ITS DEMISE VIA SHIP BREAKERS IN BANGLADESH. THE TITLE OF THE FILM EVOKES A LOSS OF PERSPECTIVE, A METAPHOR BORN OF THE EXPERIENCE OF THE WAY A SEA JOURNEY STRIPS US OF OUR USUAL MEASURES OF SCALE, TIME AND DISTANCE, SOMETHING THAT MARITIME ARTISTS HAVE LONG STRUGGLED TO DEPICT. THE FILM'S SHIFTS IN SCALE RESONATED WITH A COMPARISON INSTALLATION OF MODELS BUILT EITHER AS PHYSICAL EMBODIMENTS OF A SHIP'S DESIGN OR AS TESTAMENTS TO A VESSEL. THESE FULL AND HALF-HULL SHIP MODELS WERE DRAWN FROM THE PEABODY ESSEX MUSEUM'S WORLD-RENOWNED COLLECTION OF MARITIME ART. - UNBOUND, HIGHLIGHTS FROM THE PHILLIPS LIBRARY COLLECTION (NOVEMBER 12, 2011 THROUGH JULY 15, 2012): THE FOUNDERS OF THE PHILLIPS LIBRARY AT PEM WERE BIBLIOPHILES WHO AMASSED ONE OF THE GREAT COLLECTIONS IN THE WORLD. THEY WERE ALSO THE FOUNDERS OF THE EAST INDIA MARINE SOCIETY, WHOSE DESIRE TO GATHER DIVERSE OBJECTS FROM THE NORTHWEST COAST OF AMERICA, ASIA AND ELSEWHERE LED TO TODAY'S PEABODY ESSEX MUSEUM. THIS EXHIBITION REPRESENTED THE FIRST TIME THAT WORKS OF ART AND CULTURE FROM THE LIBRARY WERE ON VIEW. THE THREE-DOZEN WORKS PRESENTED ARE CONSIDERED TO BE AMONG THE PHILLIPS LIBRARY'S MOST APPEALING, BEAUTIFUL AND HISTORICALLY SIGNIFICANT. THE RANGE OF OBJECTS DEFIED CATEGORIZATION - FRAGILE PEEPAL LEAVES PAINTED WITH BIRDS, A HAND-DRAWN ANTISLAVERY MAP WITH COMMENTARY, EXQUISITE SAMPLES OF HANDMADE FRENCH LACE, A SIGNED FIRST EDITION OF NATHANIEL HAWTHORNE'S SCARLET LETTER AND MUCH MORE.
PROGRAM SERVICE STATEMENTFORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE:CURATORIAL AND COLLECTIONS: THE CURATORIAL STAFF IS RESPONSIBLE FOR CONCEIVING AND ORGANIZING EXHIBITIONS FOR THE MUSEUM AND ALSO FOR TRAVEL TO OTHER VENUES, AS WELL AS CULTIVATING SUPPORT FOR THE MUSEUM'S PROGRAMMATIC INITIATIVES AND COLLECTION. CURATORS ACQUIRE, PRESERVE, RESEARCH, AND INTERPRET THE MUSEUM'S COLLECTION. THE CURATORIAL STAFF ALSO PREPARES AND PUBLISHES SCHOLARLY CATALOGUES AND EDUCATIONAL TEXTS RELATED TO THE EXHIBITIONS AND THE COLLECTION AT LARGE. THE MUSEUM MAINTAINS AND EXHIBITS MANY UNIQUE AND WIDELY RESPECTED COLLECTIONS: - THE AFRICAN COLLECTION INCLUDES EARLY AND SIGNIFICANT WORKS FROM COASTAL EAST AND WEST AFRICA AND AN IMPORTANT BODY OF ZULU ARTWORK. THE MUSEUM ALSO HOUSES ONE OF THE WORLD'S FINEST COLLECTIONS OF ETHIOPIAN CHRISTIAN ART, CONSISTING OF SIXTEENTH-TO TWENTIETH-CENTURY ICONS AND METALWORK. - THE AMERICAN DECORATIVE ART, FOLK ART, AND COSTUME COLLECTION REPRESENTS MORE THAN 300 YEARS OF NEW ENGLAND ART AND CULTURE. IT FEATURES EXCEPTIONAL EXAMPLES OF REGIONAL FURNITURE, PORTRAITS, AND NEEDLEWORK. ADDITIONALLY, THE MUSEUM'S COSTUME COLLECTION RANKS AMONG THE TOP TEN IN THE NATION. - THE ASIAN EXPORT ART COLLECTION IS THE WORLD'S MOST COMPREHENSIVE COLLECTION OF DECORATIVE ART MADE IN ASIA FOR EXPORT TO WESTERN NATIONS AND REFLECTS THE COMPLEX AND FASCINATING INTERACTION BETWEEN THE ARTISTIC AND CULTURAL TRADITIONS OF EAST AND WEST. IT ENCOMPASSES PAINTINGS, FURNITURE, SILVER, PORCELAINS, WORKS ON PAPER, AND A WIDE RANGE OF OBJECTS CREATED BETWEEN THE FIFTEENTH AND TWENTIETH CENTURIES. - BORN DURING THE HEIGHT OF THE CHINA TRADE IN SALEM, THE CHINESE COLLECTION IS UNIQUE FOR ITS STRENGTH IN VERNACULAR ART THAT EXPLORES THE RICH TRADITIONS OF CHINESE CULTURE. IT FEATURES IMPORTANT QING DYNASTY WORKS, INCLUDING CERAMICS, TEXTILES, AND DECORATIVE ARTS. - THE MUSEUM'S INDIAN COLLECTION ENCOMPASSES BOTH CONTEMPORARY AND HISTORIC WORK. THE HERWITZ GALLERY, NAMED IN HONOR OF PIONEERING COLLECTORS CHESTER AND DAVIDA HERWITZ, IS THE FIRST AMERICAN MUSEUM GALLERY DEDICATED TO THE MODERN AND CONTEMPORARY ART OF INDIA, EXHIBITING PIECES BY ARTISTS WHO EXPRESS THE DYNAMIC PUBLIC AND PRIVATE CHARACTER OF CONTEMPORARY INDIA AND THE WORLD. BEGUN WITH MARINERS' DONATIONS FROM INDIA IN THE EARLY YEARS OF THE MUSEUM'S OPERATION, THE OLDER PORTION OF THE INDIAN COLLECTION INCLUDES IMPORTANT SCULPTURE, TEXTILES, CERAMICS, AND METALWORK. ADDITIONALLY, THE GEOGRAPHICALLY-RELATED HIMALAYAN COLLECTION CONTAINS THE NATION'S FOREMOST COLLECTION OF NINETEENTH AND TWENTIETH CENTURY BHUTANESE TEXTILE ARTS AS WELL AS IMPORTANT TIBETAN AND NEPALESE WORKS. - CONTRIBUTIONS FROM MANY OF AMERICA'S MOST IMPORTANT NINETEENTH AND TWENTIETH CENTURY COLLECTORS OF JAPANESE ART HAVE COMBINED TO CREATE A MAJOR COLLECTION OF THE ART AND CULTURE OF JAPAN. THE COLLECTION WAS BEGUN IN 1799 AND CONTAINS MANY WORKS CONSIDERED RARE EVEN IN JAPAN, WITH THE LATE EDO- AND MEIJI-PERIOD EXAMPLES RANKING AMONG THE FINEST IN THE WORLD. - FOUNDED IN THE 1880S, THE KOREAN COLLECTION PIONEERED AMERICAN INTEREST IN KOREAN ART AND CULTURE. TODAY, IT CONTAINS A BROAD SPECTRUM OF ART OF THE LATE JOSEON DYNASTY. THE COLLECTION IS DEEMED BY KOREAN SCHOLARS TO BE THE BEST OF ITS KIND IN THE UNITED STATES AND IS THE ONLY FOREIGN COLLECTION TO BE EXHIBITED AT THE NATIONAL MUSEUM IN SEOUL. - THE MARITIME COLLECTION, BEGUN IN 1803, IS THE FINEST IN AMERICA. IT IS INTERNATIONALLY RENOWNED FOR ITS HOLDINGS OF APPROXIMATELY 30,000 PAINTINGS, DRAWINGS, AND PRINTS, AS WELL AS ITS 20,000 MARITIME OBJECTS (SHIP MODELS, TOOLS, SHIP PLANS, ETC.) DATING FROM THE SEVENTEENTH THROUGH THE EARLY TWENTIETH CENTURIES. - THE NATIVE AMERICAN ART COLLECTION INCLUDES 20,000 WORKS DATING FROM THE SEVENTEEN CENTURY TO THE PRESENT, AS WELL AS 50,000 ARCHEOLOGICAL WORKS DATING BACK 10,000 YEARS. IN ADDITION, THE DEPARTMENT ACTIVELY WORKS WITH CONTEMPORARY ARTISTS THROUGHOUT THE AMERICAS. - THE OCEANIC COLLECTION IS INTERNATIONALLY RECOGNIZED FOR THE EARLY ORIGINS AND PROVENANCE OF ITS OBJECTS AS WELL AS ITS SIZE AND BREADTH AND REPRESENTS SOME OF THE FIRST PIECES DONATED TO THE MUSEUM IN 1799. IT INCLUDES MORE THAN 20,000 OBJECTS FROM MORE THAN THIRTY-SIX ISLAND GROUPS IN POLYNESIA, MELANESIA, AND MICRONESIA. - THE PHOTOGRAPHY COLLECTION COMPRISES MORE THAN 800,000 RARE AND VINTAGE IMAGES REPRESENTING NEARLY EVERY KIND OF PHOTOGRAPHIC FORMAT AND PROCESS. THE COLLECTION INCLUDES THE WORLD'S FINEST GROUP OF NINETEENTH-CENTURY PHOTOGRAPHS OF ASIA, THOUSANDS OF MARITIME IMAGES, EARLY AMERICA PHOTOGRAPHIC PORTRAITS, AS WELL AS ARCHITECTURAL AND LANDSCAPE IMAGES. - THE ARCHITECTURE COLLECTION INCLUDES TWENTY-TWO HISTORIC AMERICAN STRUCTURES AND A MAJOR ARCHITECTURAL FRAGMENT COLLECTION. FOUR OF THE BUILDINGS ARE DESIGNATED NATIONAL HISTORIC LANDMARKS; SIX OTHERS ARE LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE MUSEUM HOLDS AMERICA'S FIRST COLLECTION OF HISTORIC BUILDINGS AND ONE OF ITS FINEST. - THE PHILLIPS LIBRARY, PART OF THE PEABODY ESSEX MUSEUM, IS ONE OF NEW ENGLAND'S MOST IMPORTANT AND HISTORIC RESEARCH LIBRARIES. IT IS A MAJOR RESOURCE FOR MONOGRAPHS AND MANUSCRIPTS RELATED TO ART AND CULTURE, WITH A PARTICULAR FOCUS ON MARITIME ART AND HISTORY, NEW ENGLAND ART AND HISTORY, AND DOCUMENTS RELATING TO THE MUSEUM'S DIVERSE COLLECTIONS. THE LIBRARY ALSO HOLDS THE NATION'S LARGEST COLLECTION OF SHIP LOGS AND JOURNALS AS WELL AS ORIGINAL COURT DOCUMENTS FROM THE 1692 SALEM WITCHCRAFT TRIALS.
PROGRAM SERVICE STATEMENTFORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE:EDUCATION: THE MUSEUM'S DEPARTMENT OF EDUCATION AND INTERPRETATION DEVELOPS AND IMPLEMENTS A WIDE ARRAY OF EDUCATIONAL PROGRAMS AND CONTRIBUTES TO INTERPRETIVE DEVELOPMENT OF EXHIBITIONS. IT ALSO PREPARES AND DISTRIBUTES PRINT AND ONLINE MATERIALS TO HELP VISITORS OF ALL AGES WITH DIVERSE BACKGROUNDS, KNOWLEDGE, INTERESTS, PREFERENCES AND NEEDS GAIN INSIGHT ABOUT THEMSELVES AND THE WORLD AROUND THEM THROUGH AN UNDERSTANDING OF INTERNATIONAL ART AND CULTURE. EACH YEAR, THE MUSEUM OFFERS HUNDREDS OF PROGRAMS TO ADVANCE ARTS LEARNING AND APPRECIATION AND TO STIMULATE CRITICAL THINKING, CROSS-CULTURAL DIALOGUE, INTELLECTUAL INQUIRY, CREATIVITY, AND CONNECTION-MAKING BETWEEN THE PAST AND PRESENT. THROUGH ITS PROGRAMMING, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD. PROGRAMS EMPLOY AGE- AND AUDIENCE-APPROPRIATE PEDAGOGIES AND USE THE MUSEUM'S OUTSTANDING COLLECTIONS AND EXHIBITIONS TO ENGAGE VISITORS DIRECTLY WITH WORKS OF ART AND CULTURE. THE DEPARTMENT OF EDUCATION AND INTERPRETATION FOCUSES ON SEVERAL BROAD AUDIENCE AREAS: K-12 STUDENTS, TEACHERS, FAMILIES, AND ADULTS FROM COLLEGE AGE THROUGH SENIOR CITIZENS. INTERNSHIPS FOR HIGH SCHOOL AND COLLEGE AGE STUDENTS, AS WELL AS THE AWARD-WINNING ART & NATURE CENTER FOR INTERACTIVE FAMILY LEARNING, ARE ALSO MANAGED BY THIS DEPARTMENT. THE SINGLE VISIT SCHOOL PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS ENROLLED IN PUBLIC, INDEPENDENT, AND HOME SCHOOLS IN GRADES PRE K-12 AND BLENDS GUIDED DOCENT-LED GALLERY TOURS WITH ENGAGING ACTIVITIES THAT INSPIRE CLOSE LOOKING AND REFLECTION. USING ITS COLLECTIONS, THE MUSEUM CREATES CONNECTIONS BETWEEN CLASSROOM CONTENT AND STUDENTS' DAILY LIVES AND INTRODUCES IDEAS AND TECHNIQUES THAT ENCOURAGE STUDENTS TO THINK CREATIVELY AND ANALYTICALLY, INCLUDING FACILITATING STUDENT ART-MAKING. IN 2011, 18,290 STUDENTS FROM 287 SCHOOLS PARTICIPATED IN SINGLE VISIT SCHOOL PROGRAMS. FORMAL MUSEUM-SCHOOL PARTNERSHIPS ARE MANAGED THROUGH THE MULTIPLE VISIT PARTNERSHIP PROGRAM. THIS PARTNERSHIP, WHICH TARGETS TITLE I SCHOOLS AND TEACHERS IN THE NORTH SHORE REGION, PROVIDES MEANINGFUL SEQUENCED MUSEUM VISITS AND OBJECT-BASED LESSON PLANS THAT BUILD KNOWLEDGE IDENTIFIED AS CRITICAL IN THE ART, SOCIAL STUDIES, AND LANGUAGE ARTS CURRICULUM FRAMEWORKS. AS PART OF THIS PROGRAM, STUDENTS FROM PRIMARILY LOW RESOURCE SCHOOLS MAKE MULTIPLE (3-5) VISITS TO THE MUSEUM, RESULTING IN 4,848 TOTAL VISITS DURING 2011. AT THE END OF THE ACADEMIC YEAR, OVER 200 TEACHERS, STUDENTS, AND FAMILY MEMBERS ATTEND A CULMINATING EVENT TO SHOWCASE AND CELEBRATE STUDENT ACHIEVEMENT AND INVOLVE THE ENTIRE SCHOOL COMMUNITY IN SUPPORTING STUDENT LEARNING. A SUMMATIVE EVALUATION OF THE PROGRAM, PERFORMED BY THE PROGRAM EVALUATION GROUP OF LESLEY UNIVERSITY, WILL BE COMPLETED IN AUGUST 2012. TO AID IN THE INTEGRATION OF THE ARTS IN CLASSROOM LESSONS, PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE K-12 EDUCATORS WITH AN IN-DEPTH ANALYSIS AND UNDERSTANDING OF THE MUSEUM'S COLLECTIONS AND EXHIBITIONS. THE PROGRAMS COVER NUMEROUS TOPICS AND SCHOOL DISCIPLINES AND ARE LINKED TO THE MASSACHUSETTS CURRICULUM FRAMEWORKS FOR VISUAL ARTS, ENGLISH LANGUAGE ARTS, AND HISTORY AND SOCIAL SCIENCE, WITH OVERALL ATTENDANCE TOTALING 86 EDUCATORS IN 2011. DURING THE 2011-2012 SCHOOL YEAR, THE MUSEUM CONTINUED TO PARTNER WITH SCHOOL DISTRICTS TO OFFER GRADE-LEVEL FOCUSED DISTRICT-WIDE TRAINING IN ARTS INTEGRATION STRATEGIES. IN TOTAL, NINE PROFESSIONAL DEVELOPMENT WORKSHOPS WERE HELD IN COORDINATION WITH LOCAL SCHOOL ADMINISTRATORS IN THE MOST RECENT ACADEMIC YEAR. THE MUSEUM ALSO PROVIDES SPECIAL LEARNING OPPORTUNITIES FOR HIGH SCHOOL AND COLLEGE AGED STUDENTS. IN 2011 OVER 60 STUDENTS WERE OFFERED PAID INTERNSHIPS ACROSS DIFFERENT DEPARTMENTS OF THE MUSEUM, PROVIDING THEM WITH VALUABLE PROFESSIONAL WORK EXPERIENCE AND A CHANCE TO CONNECT WITH THE MUSEUM'S COLLECTIONS. PARTICIPATING STUDENTS FROM DIVERSE BACKGROUNDS BUILD LEADERSHIP SKILLS AND CREATIVITY THROUGH BOTH GROUP AND INDIVIDUAL PROJECTS AND, UNDER THE MENTORSHIP OF MUSEUM STAFF SUPERVISORS, ARE INTRODUCED TO THE MANY ASPECTS OF MUSEUM EMPLOYMENT. A PROGRAM DEVELOPED WITH SALEM STATE UNIVERSITY BROUGHT 112 STUDENTS WITH LOW ACADEMIC PERFORMANCE TO THE MUSEUM FOR A SERIES OF INTENSIVE LEARNING VISITS DURING A SIX-WEEK SUMMER TRANSITION PROGRAM PROVIDING ACADEMIC SUPPORT LEADING TO COLLEGE ADMISSION. PROGRAMS FOR FAMILIES AT THE MUSEUM ARE AIMED AT FOSTERING SHARED INTERGENERATIONAL EXPERIENCES AROUND ART BASED ON INQUIRY, DIALOGUE, AND CREATIVE ART-MAKING. THEY TAKE A VARIETY OF FORMS, FROM GALLERY-BASED FAMILY TOURS AND STORYTELLING FOR PRESCHOOLERS AND THEIR ADULT CAREGIVERS TO STUDIO ACTIVITIES AND WEEKEND FESTIVALS THAT COMBINE PERFORMANCE, STORYTELLING, MOVEMENT, FILM, AND ART-MAKING. SELF-GUIDED ACTIVITIES AND PRINT MATERIALS CREATE OPPORTUNITIES FOR SHARED FAMILY INVESTIGATION OF OBJECTS IN THE COLLECTION FROM A WIDE RANGE OF CULTURES. ALL PROGRAMS ARE FREE WITH MUSEUM ADMISSION, ELIMINATING ECONOMIC BARRIERS FOR UNDERSERVED FAMILIES. IN 2011, THE MUSEUM OFFERED NEARLY 450 FAMILY PROGRAMS FOR A COMBINED TOTAL ATTENDANCE OF 27,714 FAMILY VISITORS. ONE MAJOR FAMILY PROGRAM HIGHLIGHT IS ATRIUM ALIVE, WEEKEND FESTIVALS WHICH OFFER DYNAMIC, INTERGENERATIONAL PROGRAMMING FOCUSED ON A PARTICULAR CULTURE OR THEME. TAKING PLACE UP TO EIGHT TIMES PER YEAR AND WITH A TOTAL ANNUAL ATTENDANCE OF 14,753 IN 2011, ATRIUM ALIVE INCORPORATES ARTIST DEMONSTRATIONS, DANCE AND MUSIC PERFORMANCES, GALLERY TALKS, FILMS, LECTURES, AND HANDS-ON ART ACTIVITIES. ATRIUM ALIVE IS DESIGNED TO ENGAGE ALL AUDIENCES AND LEARNING STYLES IN A MULTIFACETED EXPERIENCE OF ART AND CULTURE. DROP-IN ART ACTIVITIES, PROVIDING HANDS-ON ART PROJECTS DESIGNED TO ENGAGE ALL AGES, ARE ANOTHER POPULAR EXAMPLE OF FAMILY PROGRAMMING AND HAD A COMBINED ANNUAL ATTENDANCE OF 1,644 IN 2011. FAMILIES ARE ENCOURAGED TO WORK TOGETHER ON PROJECTS RELATED TO THE PERMANENT COLLECTIONS AND SPECIAL EXHIBITIONS AT THE MUSEUM. WHEN THIS PROGRAM IS HELD IN CONJUNCTION WITH ATRIUM ALIVE, VISITING ARTISTS OFTEN LEAD DROP-IN ACTIVITIES. WHETHER FACILITATED BY ARTISTS OR EDUCATION DEPARTMENT STAFF, DROP-IN ACTIVITIES FOSTER SELF-GUIDED DISCOVERY, ENABLING FAMILIES TO CHOOSE THE BALANCE THAT FITS THEIR SCHEDULE AND INTERESTS. THE MUSEUM'S ART & NATURE CENTER (ANC) IS A DYNAMIC, INTERACTIVE EXHIBITION SPACE SPECIFICALLY TARGETED AT MULTI-GENERATIONAL AUDIENCES AND EXPLORES THE INTERSECTION BETWEEN ART AND SCIENCE THROUGH THE WORK OF CONTEMPORARY ARTISTS. ACTIVITY STATIONS, MULTIMEDIA ELEMENTS, AND A RANGE OF PROGRAM OFFERINGS PROVIDE VISITORS WITH A VARIETY OF APPROACHES FOR INVESTIGATING THE ARTWORK AND THEMES PRESENTED. THE ANC EXHIBITION SPACE AIMS TO NURTURE INTERGENERATIONAL EXCHANGE AND CREATIVE EXPRESSION, AS WELL AS TO CONTEXTUALIZE ARTWORK BY PROVIDING SUPPORTING MATERIALS ALREADY FAMILIAR TO VISITORS. ALL TOGETHER 86,198 PEOPLE PARTICIPATED IN ANC EXHIBITION PROGRAMMING IN 2011. ADULTS ARE SERVED BY THE MUSEUM IN A VARIETY OF WAYS TARGETED TOWARD THEIR INTERESTS, LIFE STAGES, GROUP PARTICIPATION, AND PREFERENCES. THE PUBLIC AND GROUP TOUR PROGRAMS PROVIDE DOCENT-LED EXPERIENCES IN MUSEUM COLLECTIONS AND EXHIBITIONS, FACILITATING MEANINGFUL AND STIMULATING CONNECTIONS WITH ART. INFORMATION AND DIALOGUE ENRICH VISITORS' UNDERSTANDINGS OF MUSEUM OBJECTS AND THEIR LINKS TO THE WIDER WORLD. A TOTAL OF 8,851 VISITORS PARTICIPATED IN TOURS OF COLLECTION HIGHLIGHTS, SPECIAL EXHIBITIONS, OR HISTORIC HOUSES IN 2011. SPECIALIZED TOURS FOR RESIDENTS OF ASSISTED LIVING FACILITIES AND SENIOR CENTERS, AS WELL AS FOR VISITORS WITH ALZHEIMER'S DISEASE AND THEIR CAREGIVERS, PROVIDED RICH VISUAL EXPERIENCES THAT STIMULATE MEMORY AND IMPROVE MODE WHILE PROMPTING THE SHARING OF PERSONAL STORIES. SPECIALLY TRAINED DOCENTS CAREFULLY PLANNED AND LED THESE SMALL-GROUP, HIGHLY FACILITATED ARTS EXPERIENCES.
PUBLIC PROGRAMS ARE OFFERED TO GENERAL PUBLIC VISITORS THROUGHOUT THE YEAR IN ORDER TO ENGAGE THEM IN VISUAL AND INTELLECTUAL INQUIRY THAT SPARKS CURIOSITY, CREATIVITY, AND CROSS-CULTURAL UNDERSTANDING, CONTRIBUTING TO LIFE-LONG LEARNING. PROGRAMS RANGE FROM GALLERY TOURS AND ARTIST DEMONSTRATIONS TO LECTURES, CONCERTS, FILM FESTIVALS, AND STUDIO WORKSHOPS RELATED TO THE ART AND CULTURES REPRESENTED IN THE MUSEUM'S COLLECTIONS OR EXHIBITIONS. PUBLIC PROGRAMS EXPANDED IN 2011, DEVELOPING NEW PROGRAM STREAMS SUCH AS PEM/PM, AN EVENING PROGRAM SERIES FEATURING ART DEMONSTRATIONS AND ART-MAKING COMBINED WITH LIVE MUSIC, FILM, AND SOCIAL EVENTS, AND ART360, A SMALL-GROUP PROGRAM OFFERING A HALF-DAY, IN-DEPTH WORKSHOP AND TOUR RELATED TO ONE OF THE MUSEUM'S CHANGING EXHIBITIONS. PROGRAMS FOR THE OPENING DAYS OF SIGNIFICANT EXHIBITIONS WERE ALSO MORE RICHLY DEVELOPED, PROVIDING OPPORTUNITY FOR DEEPER DISCUSSION, ARTISTIC EXPLORATION, AND CELEBRATION OF THE GROUNDBREAKING STATEMENTS, BOLD IDEAS AND THOUGHT-PROVOKING INSTALLATIONS PRESENTED BY NEW EXHIBITIONS. FILMS - SELECT CONTEMPORARY DOCUMENTARY AND ART FILMS ARE SHOWN DURING CULTURAL FESTIVALS AND AT EXHIBITION OPENING DAYS, AS WELL AS DURING TWO ANNUAL FILM SERIES, THE INTERNATIONAL HUMAN RIGHTS FILM FESTIVAL AND THE SALEM FILM FEST. FILMS CHOSEN OFFER DIRECT THEMATIC CONNECTIONS TO THE MUSEUM'S ARTS, CULTURE, AND EXHIBITIONS. IN 2011, A TOTAL OF 15 CURATED FILMS WERE SHOWN TO 1,061 ADULTS. PRESENTATIONS - LECTURES, TALKS, AND MULTIMEDIA PRESENTATIONS ARE FEATURED DURING OPENING DAYS, FESTIVALS, AND AS STANDALONE EVENTS. THESE PROGRAMS OFFER ADULT AUDIENCES THE OPPORTUNITY TO EXPLORE SOPHISTICATED, IN-DEPTH IDEAS WITH RENOWNED SPECIALISTS IN CONTEMPORARY ART, ART HISTORY AND CULTURE, ART-NATURE THEMES, ARCHITECTURE, AND OTHER RELATED FIELDS, WHO PRESENT MULTIPLE PERSPECTIVES AND STIMULATE NEW THINKING ABOUT THE MUSEUM'S COLLECTIONS AND CHANGING EXHIBITIONS. IN 2011, 18 PRESENTATIONS WERE ATTENDED BY 1154 ADULTS. AMONG THESE WERE: - A PRESENTATION BY BHARATI MUKHERJEE, A PROFESSOR AT UNIVERSITY OF CALIFORNIA AT BERKELEY AND AN AWARD-WINNING AUTHOR, IN WHICH SHE REFLECTED ON THE CONDITION OF ASIAN IMMIGRANTS IN NORTH AMERICA, WITH PARTICULAR ATTENTION TO THE CHANGES TAKING PLACE AMONG SOUTH ASIAN WOMEN IN A NEW WORLD. - A LECTURE ENTITLED "WHAT ART TELLS US ABOUT THE BRAIN" BY MARGARET LIVINGSTONE, PH.D., PROFESSOR OF NEUROBIOLOGY AT HARVARD UNIVERSITY MEDICAL SCHOOL AND AUTHOR OF VISION AND ART: THE BIOLOGY OF SEEING. THIS PRESENTATION HIGHLIGHTED THE PROPERTIES OF VISUAL PERCEPTION THAT ARTISTS LEARNED BEFORE SCIENTIFIC RESEARCH PROVED THEM, INCLUDING MATISSE'S USE OF COLOR AND THE ILLUSIONARY BASIS OF POINTILLIST PAINTINGS. - IN CONJUNCTION WITH THE EXHIBITION GOLDEN: MASTERWORKS OF DUTCH AND FLEMISH ART FROM THE VAN OTTERLOO COLLECTION, THE PRESENTATION "WORLDS IN MINIATURE" EXPLORED THE 17TH-CENTURY DUTCH PHENOMENON OF DOLL'S HOUSES, A FASHIONABLE ADULT HOBBY PURSUED BY WEALTHY DUTCH WOMEN. DOLLHOUSE OWNERS COMMISSIONED ARTISTS AND FURNITURE MAKERS TO CREATE ELABORATE AND DETAILED MINIATURES OF CERAMICS, TEXTILES, AND CONSUMER GOODS OF THE TIME, CREATING A VISUAL RECORD OF THE IDEAL HOME OF AN AFFLUENT MERCHANT OR CIVIL OFFICER. DUTCH CURATOR JET PIJZEL-DOMMISSE, THE WORLD'S AUTHORITY ON THE SUBJECT, DISCUSSES THESE DETAILED WORKS OF ART. WORKSHOPS AND DEMONSTRATIONS - ARTIST-LED WORKSHOPS AND ART DEMONSTRATIONS OFFER ADULTS THE CHANCE TO DEVELOP A CLOSER UNDERSTANDING OF ARTISTIC THINKING, PROCESS, MATERIALS AND METHODS. IN 2011, 15 ADULT ART WORKSHOPS AND ARTIST DEMONSTRATIONS WERE HELD, REACHING AN AUDIENCE OF 2,348 ADULTS. - ARTIST ILANA MANOLSON ILLUMINATED TECHNIQUES OF LANDSCAPE PAINTING IN OIL, INSPIRED BY THE MOODS AND ATMOSPHERES EVOKED BY PAINTERS ON VIEW IN PAINTING THE AMERICAN VISION, FEATURING THE ART OF THE HUDSON RIVER SCHOOL AND OTHER 19TH-CENTURY LANDSCAPE PAINTERS. - ARTIST, AUTHOR AND EDUCATOR CLARE WALKER LESLIE LED AN INTERACTIVE NATURE JOURNALING CLASS. ADULTS ENGAGED IN CLOSE OBSERVATION OF PLANT AND ANIMAL LIFE, LEARNED TECHNIQUES FOR DOCUMENTING OBSERVATIONS IN ARTISTIC JOURNALS, AND USED METHODS RELATED TO THOSE OF THE LANDSCAPE ARTISTS IN PAINTING THE AMERICAN VISION. - SAN FRANCISCO-BASED ARTIST AIRYKA ROCKEFELLER LED A FULL-DAY PHOTOGRAPHY WORKSHOP, BEGINNING WITH AN INTRODUCTION TO CONTEMPORARY, MULTICULTURAL SELF-PORTRAITS, WHICH PROVIDED INSPIRATION FOR STUDENTS' MAKING THEIR OWN IMAGES DURING THE SECOND HALF OF THE CLASS. STUDENTS VISITED THE MUSEUM'S HISTORIC ROPES MANSION TO STAGE THEIR SHOTS, PARTICIPATED IN A TOUR OF SWISS ARTIST MARIANNE MUELLER'S FREEPORT [NO. 002] EXHIBITION, AND JOINED IN A SHARED CRITIQUE OF THE GROUP'S PHOTOGRAPHS. IN TOTAL, 1763 ADULT PROGRAMS AND TOURS WERE OFFERED IN 2011 FOR A COMBINED ATTENDANCE OF 23,826.
FORM 990, PART VI, SECTION B, LINE 11THE FINANCE AND AUDIT COMMITTEE CONDUCTS A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING. AFTER ANY NECESSARY REVISIONS ARE MADE, THE FINAL DRAFT IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CON AN ANNUAL BASIS, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENTS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES. ANY CONFLICTS ARE BROUGHT TO THE ATTENTION OF AN APPROPRIATE OFFICER, DIRECTOR OR SENIOR MANAGER TO DETERMINE THE APPROPRIATE COURSE OF ACTION IN RESOLVING THE CONFLICT. IF A CONFLICT IS FOUND TO EXIST, THE CONFLICTED INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN ANY DECISIONS RELATIVE TO THE SOURCE OF CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION FOR THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES IS SUBJECT TO ANNUAL REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE AND BY THE FULL BOARD OF TRUSTEES. COMPARATIVE DATA FROM OTHER NONPROFIT ORGANIZATIONS IN THE GEOGRAPHIC VICINITY AND THE MUSEUM SECTOR NATIONWIDE IS GATHERED BY THE DIRECTOR OF HUMAN RESOURCES AND SERVES AS THE BASIS FOR APPROVING REASONABLE COMPENSATION LEVELS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S FINANCIAL STATEMENTS ARE INCLUDED IN ITS ANNUAL REPORT, WHICH IS POSTED ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE IN HARD COPY OR ELECTRONICALLY UPON REQUEST. THE FORM 990 IS AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND WWW.GUIDESTAR.ORG.
CHANGES IN NET ASSETS OR FUND BALANCES:FORM 990, PART XI, LINE 5:NET UNREALIZED LOSSES ON INVESTMENTS: -11,891,174. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -335,855. CHANGE IN VALUE OF INTEREST RATE SWAP -22,283. TOTAL TO FORM 990, PART XI, LINE 5: -12,249,312.