2026-05-15T09:27:49-05:00 2025-06-30 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2024-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 CATHERINE VANDENABEELE CFO 6173693281 2026-05-15 1 1 JOSEPH GISO P00030126 7819143400 2026-05-13 2024 2025-03-06 01:10:19Z CATHERINE VANDENABEELE 465 HUNTINGTON AVENUE BOSTON MA 02115 542008045 0 X WWW.MFA.ORG X 1870 MA THE MUSEUM OF FINE ARTS HOUSES AND PRESERVES PREEMINENT COLLECTIONS AND ASPIRES TO SERVE A WIDE VARIETY OF PEOPLE THROUGH DIRECT ENCOUNTERS WITH WORKS OF ART IN ORDER TO ENCOURAGE INQUIRY AND TO HEIGHTEN PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. 41 41 865 350 983305 376769 76285128 96360692 18243104 24681066 49378062 52192069 13773872 13396215 157680166 186630042 0 0 0 0 49521405 55877143 0 0 7149007 80331440 85432475 129852845 141309618 27827321 45320424 1464063580 1584373764 161527158 158367343 1302536422 1426006421 X SEE SCHEDULE O. 0 0 20176895 1991413 EDUCATION PROGRAMS: THE MUSEUM MAINTAINS AN ONGOING SERIES OF EDUCATION PROGRAMS AND ACTIVITIES IN ORDER TO FURTHER THE MISSION OF THE MUSEUM AND PROVIDE EDUCATIONAL OPPORTUNITIES IN ART. EDUCATION PROGRAMS COVER A WIDE SPECTRUM OF TOPICS AND INCLUDE STUDIO ART CLASSES AND WORKSHOPS FOR CHILDREN, TEENS AND ADULTS, LECTURES, FILMS, CONCERTS, A VARIETY OF OTHER COURSES, FREE DEMONSTRATIONS AND TALKS, FREE WORKSHOPS FOR EDUCATORS, SCHOOL GROUP TOURS, PARTNERSHIPS WITH LOCAL AREA SCHOOLS, AFTER-SCHOOL PROGRAMS AND COMMUNITY GROUPS TO ENGAGE YOUTH IN ARTS AND PROGRAMS FOR FAMILY VISITS TO THE MUSEUM. 17165542 2294826 EXHIBITIONS: WITH A COLLECTION OF NEARLY 500,000 OBJECTS, THE MUSEUM OWNS SOME OF THE RARE AND IMPORTANT ARTISTIC TREASURES IN THE WORLD. SUCH A COLLECTION ENABLES THE MUSEUM TO PRESENT MANY SPECIAL EXHIBITIONS WITH A BALANCE BETWEEN SCHOLARLY PROGRAMS AND THOSE WITH BROAD PUBLIC APPEAL. DURING FISCAL YEAR 2025, THE MUSEUM PRESENTED 20 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: DALI: DISRUPTION AND DEVOTION; GEORGIA O'KEEFFE AND HENRY MOORE; POWER OF THE PEOPLE: ART AND DEMOCRACY; DEEP WATERS: FOUR ARTISTS AND THE SEA; THE SUN WILL SET: CONTEMPORARY ABSTRACTION AND THE BODY; FRAGMENTS OF SELF: SMFA AT TUFTS JURIED STUDENT EXHIBITION; UTOPIA, DYSTOPIA: TONY COKES AND OSCAR MUNOZ; CURATED BY TEENS DEATH AS A CONSTANT COMPANION, A COLLABORATION BETWEEN MFA TEEN PROGRAMS AND THE CENTER FOR NETHERLANDISH ART; LANDSCAPE AND LABOR: DUTCH WORKS ON PAPER IN VAN GOGH'S TIME; ROBERT FRANK: MARY'S BOOK; WITNESSING HUMANITY: THE ART OF JOHN WILSON; VAN GOGH: THE ROULIN FAMILY PORTRAITS; QI BAISHI: INSPIRATION IN INK; THE VISIONARY ART OF MINNIE EVANS; FY25 COMMUNITY ARTS INITIATIVE: INTO THE FOREST; FABRIC OF A NATION: AMERICAN QUILT STORIES AT NASHVILLE, TN; DUTCH ART IN GLOBAL AGE AT FORT WORTH, TX; HOKUSAI: INSPIRATION AND INFLUENCE AT KANSAS CITY, MO; LBM: LIVING WITH THE GODS: ARTS, BELIEFS, AND PEOPLES AT HOUSTON, TX; LMB: JAPAN, AN ARTISTIC MELTING POT: ADMIRATION AND IMITATIO, MISUNDERSTANDINGS AND MODIFICATIONS, AND MOTTAINAI? AT KYOTO NATIONAL MUSEUM, JAPAN. 2156194 3173176 ENTERPRISE: THE MUSEUM'S RETAIL OPERATIONS OFFERS A WIDE VARIETY OF MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS AND SPECIAL EXHIBITIONS, WHICH CONTRIBUTE IMPORTANTLY TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSE BY MAKING WORKS OF ART FAMILIAR TO A BROADER SEGMENT OF THE PUBLIC. OFFERINGS AT SHOP INCLUDE ART BOOKS, POSTERS, CARDS, GLASS, TEXTILES, JEWELRY AND SCULPTURE. MERCHANDISE IS FOR SALE IN THE PHYSICAL SHOPS OR THROUGH RETAIL'S WEB-BASED OUTLET.THE MUSEUM IS EXEMPT AS AN EDUCATIONAL ORGANIZATION ON THE BASIS OF ITS OWNERSHIP, MAINTENANCE, AND EXHIBITION FOR PUBLIC VIEWING OF WORKS OF ART. THE SALES OF SUCH ITEMS CONTRIBUTES IMPORTANTLY TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSES BY STIMULATING AND ENHANCING PUBLIC AWARENESS, INTEREST, AND APPRECIATION OF ART. MOREOVER, A BROADER SEGMENT OF THE PUBLIC MAY BE ENCOURAGED TO VISIT THE MUSEUM ITSELF TO SHARE IN ITS EDUCATIONAL FUNCTIONS AND PROGRAMS AS A RESULT OF SEEING THE ITEMS SOLD. 43311256 25272345 OPERATING SUPPORT: EXPENSES: $24,009,233 REVENUE: $0OPERATING SUPPORT CONSISTS OF ALL OTHER AREAS OF THE MUSEUM. INCLUDING PROTECTIVE SERVICES, FACILITIES AND OTHER AREAS WHICH SUPPORT THE OPERATIONS OF THE MUSEUM AND ITS MISSION.PARKING FACILITIES: EXPENSES: $1,304,091 REVENUE: $4,877,518THE MUSEUM OWNS A PARKING GARAGE AND HAS TWO OPEN-AIR PARKING LOTS. ALL OF THESE FACILITIES ARE OPEN TO MEMBERS AND VISITORS TO THE MUSEUM. THE OPERATION OF ADJACENT PARKING LOTS BY THE MUSEUM, IN AREAS OF INSUFFICIENT PARKING SPACES FOR THE USE OF ITS VISITORS, CONTRIBUTES IMPORTANTLY TO THE MUSEUM'S EXEMPT PURPOSE BY ENCOURAGING VISITATION AND LONGER PERIODS VIEWING OF ITS COLLECTIONS, AND SPECIAL EXHIBITIONS. ANY PROFITS FROM THE FEE CHARGED FOR THE USE OF THE LOT IS PLACED IN THE GENERAL OPERATING FUND.FOOD SERVICES: EXPENSES: $154,800 REVENUE: $1,914,669THE MUSEUM IS ORGANIZED AND OPERATED AS AN ART MUSEUM. THE EATING FACILITIES WHICH ARE CONTRACTED AND MANAGED BY RA, ARE OPEN TO THE MUSEUM STAFF, EMPLOYEES, AND MEMBERS OF THE PUBLIC VISITING THE MUSEUM AND ARE OF A SIZE COMMENSURATE WITH ACCOMMODATION OF THESE SPECIAL GROUPS OF PATRONS.MEMBERSHIP & VISITORS: EXPENSES: $4,545,440 REVENUE: $10,994,317OVER 1,053,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2025. DURING THE FISCAL YEAR 2025, THERE WERE MORE THAN FIVE COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE WAIVED. THE MUSEUM HAS OVER 58,000 ACTIVE MEMBER HOUSEHOLDS. THERE ARE 8 LEVELS OF ANNUAL MEMBERSHIP WITH FEES RANGING FROM $90 TO $300. EACH CATEGORY OFFERS A WIDE VARIETY OF PRIVILEGES, SUCH AS FREE ADMISSION, PUBLICATIONS, RECIPROCAL MEMBER BENEFITS AT OTHER MAJOR ART MUSEUMS AROUND THE U.S. AND SPECIAL EVENTS.OTHER MISC. PROGRAM SERVICES: EXPENSES: $13,353,850 REVENUE: 7,877,518 43311256 25272345 82809887 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 292 0 1 865 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X X CATHERINE VANDENABEELE CFO 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 40.00 X 1144716 0 47667 ERIC WOODS CHIEF OPERATING OFFICER 40.00 X 520394 0 36205 CAMERAN MASON CHIEF EXTERNAL RELATIONS 40.00 X 462904 0 51895 CATHERINE VANDENABEELE CHIEF FINANCIAL OFFICER 40.00 X 407796 0 29852 PIERRE TERJANIAN CHIEF OF CURATORIAL AFFAIR 40.00 X 306767 0 51872 EMILY BLUMENTHAL CHIEF OF STAFF 40.00 X 260185 0 39433 DEBRA LAKIND SR DIR, IP & BUSINESS DEVE 40.00 X 222461 0 43774 JANE O'REILLY-CORCORAN DIR. OF HUMAN RESOURCES 40.00 X 236103 0 27698 CHRISTOPHER FOX DIR. OF TREASURY MANAGEMEN 40.00 X 219609 0 36747 EDWARD SAYWELL CHAIR, PRINTS AND DRAWINGS 40.00 X 222461 0 31657 ELLEN J REYNOLDS DIRECTOR OF DEVELOPMENT 40.00 X 228165 0 20065 DARCY-TELL MORALES CHIEF OF LEARNING & COMMUNITY EGMT 40.00 X 227096 0 13132 MARC S PLONSKIER ELECTED TRUSTEE - CHAIR 1.00 X X 0 0 0 EMI M WINTERER ELECTED TRUSTEE - PRESIDENT 1.00 X X 0 0 0 MICHELE COURTON BROWN ELECTED TRUSTEE - CHAIR 1.00 X X 0 0 0 TOM SEEMAN TREASURER 1.00 X X 0 0 0 EDWARD E GREENE VICE PRESIDENT 1.00 X X 0 0 0 PATRICIA KRAFT SECRETARY 1.00 X X 0 0 0 AMY ABRAMS ELECTED TRUSTEE 1.00 X 0 0 0 PAUL G ALEXANDER ELECTED TRUSTEE 1.00 X 0 0 0 CARLOTTE NORD BERK ELECTED TRUSTEE 1.00 X 0 0 0 MONICA CHANDRA ELECTED TRUSTEE 1.00 X 0 0 0 HOWARD COX ELECTED TRUSTEE 1.00 X 0 0 0 PETER CREIGHTON ELECTED TRUSTEE 1.00 X 0 0 0 DAVID D CROLL ELECTED TRUSTEE 1.00 X 0 0 0 AZADEH DJAZANI ELECTED TRUSTEE 1.00 X 0 0 0 RONALD M DRUKER ELECTED TRUSTEE 1.00 X 0 0 0 THOMAS AJ FRANK ELECTED TRUSTEE 1.00 X 0 0 0 DEBORAH GLASSER ELECTED TRUSTEE 1.00 X 0 0 0 ABIGAIL ROSS GOODMAN ELECTED TRUSTEE 1.00 X 0 0 0 JENNIFER HERMAN ELECTED TRUSTEE 1.00 X 0 0 0 BARBARA HOSTETTER ELECTED TRUSTEE 1.00 X 0 0 0 DAVID HOWSE ELECTED TRUSTEE 1.00 X 0 0 0 CLARISSA C HUNNEWELL ELECTED TRUSTEE 1.00 X 0 0 0 ELIZABETH L JOHNSON ELECTED TRUSTEE 1.00 X 0 0 0 YUCHUN LEE ELECTED TRUSTEE 1.00 X 0 0 0 CARL J MARTIGNETTI ELECTED TRUSTEE 1.00 X 0 0 0 LINDA A MASON ELECTED TRUSTEE 1.00 X 0 0 0 CATHY E MINEHAN ELECTED TRUSTEE 1.00 X 0 0 0 ROBERT NAGLE ELECTED TRUSTEE 1.00 X 0 0 0 AMY POORVU ELECTED TRUSTEE 1.00 X 0 0 0 ANTONIO PORRES ELECTED TRUSTEE 1.00 X 0 0 0 THERESA STONE ELECTED TRUSTEE 1.00 X 0 0 0 SUSAN B WEATHERBIE ELECTED TRUSTEE 1.00 X 0 0 0 ROBERTA WEINER ELECTED TRUSTEE 1.00 X 0 0 0 XIAOHUA ZHANG ELECTED TRUSTEE 1.00 X 0 0 0 CAROLYN OSTEEN APP. TR. - BOSTON ANTHENAEUM 1.00 X 0 0 0 RAYMOUND LIU APP. TR. - BOSTON PUBLIC LIBRARY 1.00 X 0 0 0 MARY SKIPPER APP. TR. - BOSTON PUBLIC SCHOOLS 1.00 X 0 0 0 KATHERINE N LAPP APP. TR. - HARVARD UNIVERSITY 1.00 X 0 0 0 MICHELLE WU APP. TR. - CITY OF BOSTON 1.00 X 0 0 0 DOROTHY SERGI APP. TR. - MFA ASSOCIATES 1.00 X 0 0 0 MELISSA NOBLES APP. TR. - MIT 1.00 X 0 0 0 4458657 0 429997 122 0 1 0 SHAWMUT WOODWORKING 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION 7265377 US ART COMPANY 78 PACELLA PARK DR RANDOLPH MA 02368 ART SHIPPING AND STORAGE 1376720 TARIANRSIG SECURITY LLC PO BOX 532310 ATLANTA GA 30350 SECURITY 1300320 UNCONQUERABLE SECURITY SOLUTIONS PLLC 34 SILO RIDGE ROAD NORTH ORLAND PARK IL 60467 SECURITY 1037805 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 INVESTMENT MANAGEMENT 948687 56 8198185 107075 55000 88000432 13153836 96360692 ADMISSION 713990 10994317 10994317 OTHER MISC. PROGRAM SERVICES 900099 7485841 7485841 EXHIBITION 713990 2294826 2294826 EDUCATION PROGRAM REVENUE 611710 1991413 1991413 RESTAURANT FOOD SERVICES 722511 1914669 1914669 24681066 8634678 278220 8356458 6926036 1945079 4980957 4980957 4980957 388454655 5767580 350664844 0 37789811 5767580 43557391 255575 43301816 0 107075 84946 -84946 -84946 5866721 2683134 3183587 3173176 10411 PARKING 812930 5316617 4877518 439099 5316617 186630042 32731760 983305 56554285 4360342 631162 3204321 524859 40356856 20547287 15834049 3975520 2561639 1217781 1087468 256390 5226800 2958463 1589755 678582 3371506 1602785 1431273 337448 2074985 2074985 502550 14980 487570 238786 12542 226244 10453411 1047108 9382956 23347 5122852 2536783 2489868 96201 2749782 1154281 1595501 1730250 802899 878540 48811 794441 14383 778532 1526 5848989 4705651 1143338 1042400 813037 162116 67247 4213772 3357733 856039 22272934 20725029 1524342 23563 1779120 755455 1023665 UBIT TAX 89665 89665 PURCHASE WORKS OF ART 10566366 10566366 0 0 OTHER GENERAL & ADMINIS 7418466 2081727 4294123 1042616 EXHIBITIONS & SPECIAL 4608888 4608888 3924818 580562 3271359 72897 141309618 82809887 51350724 7149007 65972295 42299203 81683613 116976195 81840548 90103328 1105244 1036336 1555384 1483440 1619910 1669862 725992622 449202583 283306414 276790039 570871477 637437017 366238712 407555675 9869983 9022669 1464063580 1584373764 16752084 15108054 4665078 2026375 99854018 99864835 5067379 3525170 35188599 37842909 161527158 158367343 X 180269574 185382030 1122266848 1240624391 1302536422 1426006421 1464063580 1584373764 X 45320424 75767856 252626 2129093 X X 0 1 X 1 0 X 62410288 60830658 62367673 76285128 96360692 358254439 62410288 60830658 62367673 76285128 96360692 358254439 41370260 316884179 13391779 9271478 9503478 14948797 15277571 62393103 0 1907745 797600 544696 426975 3677016 1205837 3312931 4110841 4897685 4986475 18513769 442838327 123589238 0.71560 0.73590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 783417269 40418978 53052125 34507561 9089086 833291725 731669410 17593008 52841319 11350379 7305233 783417269 703387703 16830693 27713539 11534871 4727654 731669410 792806414 47501355 -116316549 14360849 6242668 703387703 616774648 27970520 173481226 13312406 12107574 792806414 0.01900 0.47530 0.50570 1 0 23662651 23662651 623207338 384245377 238961961 73998264 64957206 9041058 5124369 5124369 276790039 381896022 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 25659653 F 407555675 LINE OF CREDIT 20475000 ASSET RETIREMENT OBLIGATION 10134469 LIABILITY -INTEREST RATE SWAP 2964080 OTHER LIABILITIES -DEFERRED SAVINGS PLAN 4269360 37842909 X 260404695 75767856 252626 6843257 82863739 177540956 9089086 9089086 186630042 136933693 4713159 4713159 132220534 9089084 9089084 141309618 PART III, LINE 4: THE MUSEUM OF FINE ARTS, BOSTON WAS FOUNDED IN 1870 FOR THE PURPOSES OF "ERECTING A MUSEUM FOR THE PRESERVATION AND EXHIBITION OF WORKS OF ART, OF MAKING, MAINTAINING AND EXHIBITING COLLECTIONS OF SUCH WORKS, AND OF AFFORDING INSTRUCTION IN THE FINE ARTS." THE COLLECTIONS ARE CENTRAL TO THE MUSEUM'S ENDEAVORS, AND TO FOSTERING THE UNDERSTANDING AND ENJOYMENT OF ORIGINAL WORKS OF ART. THE MUSEUM IS ONE OF THE WORLD'S GREAT ENCYCLOPEDIC INSTITUTIONS AND AS SUCH, ACTIVELY COLLECTS WORKS OF ART FROM ALL TIME-PERIODS AND ACROSS ALL CONTINENTS. ALL THE WORKS OF ART CONTRIBUTE TO THE MUSEUM'S GUIDED TOURS, LECTURES, FILMS, GALLERY TALKS, CONCERTS, ARTS FESTIVALS, EDUCATION PROGRAMS, INTER-MUSEUM LOANS, AND PERMANENT, TEMPORARY AND TRAVELING EXHIBITIONS, WHICH FULFILL ITS MISSION. PART V, LINE 4: THE MUSEUM'S ENDOWMENT SUPPORTS THE MISSION OF THE MUSEUM, INCLUDING THE PRESERVATION, EXHIBITION AND MAINTENANCE OF THE MUSEUM'S COLLECTION, AS WELL AS VARIOUS EDUCATION PROGRAMS OF THE MUSEUM. THE MUSEUM'S ENDOWMENT CONSISTS OF APPROXIMATELY 700 INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS. PART X, LINE 2: THE MUSEUM IS A NON-PROFIT ORGANIZATION DESCRIBED UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A). MEP IS AN INACTIVE FOR-PROFIT CORPORATION SUBJECT TO INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS 844,108. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -770,010. COST OF SALES - MERCHANDISING OPERATIONS 2,683,134. RENTAL EXPENSES -DEPRECIATION 1,945,079. DIRECT EVENT EXPENSES 84,946. COLLECTION CENTER TRANSFER 2,056,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MERCHANDISING OPERATIONS 2,683,134. RENTAL EXPENSES -DEPRECIATION 1,945,079. DIRECT EVENT EXPENSES 84,946. PART III, LINE 1A: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, WORKS OF ART COSTS ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED; THE VALUE OF OBJECTS ACQUIRED THROUGH GIFTS CANNOT BE REASONABLY ESTIMATED AND, THEREFORE, ARE NOT RECORDED IN THE STATEMENT OF ACTIVITIES. CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENT N/A 300161852 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENT N/A 21181588 0 0 0 0 0 0 321343440 0 321343440 1 0 0 1 1 0 ART IN BLOOM 107075 107075 84946 107075 107075 84946 84946 -84946 X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 962576 0 125000 0 57140 0 27600 0 20067 0 1192383 0 0 0 ERIC WOODS CHIEF OPERATING OFFICER 416333 0 0 0 104061 0 27600 0 8605 0 556599 0 0 0 CAMERAN MASON CHIEF EXTERNAL RELATIONS 462904 0 0 0 0 0 27600 0 24295 0 514799 0 0 0 CATHERINE VANDENABEELE CHIEF FINANCIAL OFFICER 407796 0 0 0 0 0 27600 0 2252 0 437648 0 0 0 PIERRE TERJANIAN CHIEF OF CURATORIAL AFFAIR 306767 0 0 0 0 0 30368 0 21504 0 358639 0 0 0 EMILY BLUMENTHAL CHIEF OF STAFF 260185 0 0 0 0 0 16287 0 23146 0 299618 0 0 0 DEBRA LAKIND SR DIR, IP & BUSINESS DEVE 222461 0 0 0 0 0 20021 0 23753 0 266235 0 0 0 JANE O'REILLY-CORCORAN DIR. OF HUMAN RESOURCES 236103 0 0 0 0 0 18532 0 9166 0 263801 0 0 0 CHRISTOPHER FOX DIR. OF TREASURY MANAGEMEN 219609 0 0 0 0 0 17569 0 19178 0 256356 0 0 0 EDWARD SAYWELL CHAIR, PRINTS AND DRAWINGS 222461 0 0 0 0 0 17797 0 13860 0 254118 0 0 0 ELLEN J REYNOLDS DIRECTOR OF DEVELOPMENT 228165 0 0 0 0 0 18253 0 1812 0 248230 0 0 0 DARCY-TELL MORALES CHIEF OF LEARNING & COMMUNITY EGMT 187096 0 15000 0 25000 0 0 0 13132 0 240228 0 0 0 PART I, LINE 1A A TAXABLE LIVING ALLOWANCE OF $50,000 WAS PAID TO MATTHEW TEITELBAUM BASED ON THE EMPLOYMENT CONTRACT. TAXABLE COMPANION TRAVEL EXPENSE OF $7,140 WAS INCLUDED IN OTHER REPORTABLE COMPENSATION. PART I, LINE 1B: TRAVEL FOR COMPANIONS IS PERMITTED ONLY IF IT IS FOR BONA FIDE BUSINESS PURPOSES DIRECTLY BENEFITTING THE MUSEUM AND WITH PRIOR APPROVAL BY THE DIRECTOR, OR DIRECTOR'S DESIGNEE, OR CHAIR OR PRESIDENT OF THE BOARD OF TRUSTEES. EXCEPT UNDER VERY RARE CONDITIONS, REIMBURSEMENT OF A COMPANION WILL CONSTITUTE TAXABLE INCOME TO THE TRAVELER. PART I, LINE 4A THE ORGANIZATION PAID SEVERANCE AND SOME COBRA BENEFITS TO THE FORMER CHIEF OPERATING OFFICER, ERIC WOODS, PURSUANT TO THE TERMS OF A WRITTEN EMPLOYMENT AGREEMENT. PART I, LINE 7 NON-FIXED AND DISCRETIONARY BONUSES WERE PAID TO THE FOLLOWING DURING CALENDAR YEAR 2024: MATTHEW TEITELBAUM: $125,000 THE BONUS FOR MATTHEW TEITELBAUM WAS BOARD APPROVED. DARCEY-TELL MORALES : $15,000 SIGNING BONUS AND $25,000 RELOCATION ASSISTANCE. A MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 042456011 57586CL29 2007-12-13 185000000 NEW MONEY FOR CONSTRUCTION 0 0 0 A 85135165 185000000 1132895 183867105 2010 0 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 BANK OF AMERICA 20.000000000000 0 0 0 0 1 A 1 PART VI, SUPPLEMENTAL INFORMATION: PART I - BOND ISSUES, LINE A: COLUMN (C) ADDITIONAL CUSIP #57586CK95 PART IV - ARBITRAGE, LINE 2B: THE MUSEUM'S BOND ISSUANCE IS NOT EXEMPTED FROM REBATE ANALYSIS. THE MUSEUM DID HAVE AN INDEPENDENT THIRD PARTY SPECIALIZING IN PERFORMING REBATE CALCULATION PERFORM THE CALCULATION AND DETERMINED THAT THE BOND QUALIFIED FOR AN EXCEPTION TO REBATE SET FORTH IN REGULATION SECTION 1.148-7. THE SCHEDULE K CALCULATION WAS PERFORMED BY AN INDEPENDENT THIRD PARTY WHICH SPECIALIZES IN PERFORMING THESE CALCULATIONS. THE FACTS AND CIRCUMSTANCE HAVE NOT CHANGED TO MATERIALLY AFFECT THE CALCULATION IN THE CURRENT PERIOD. THE MUSEUM'S BONDS WERE ISSUED IN DECEMBER 2007 AND MATURE IN 2037, A THIRTY YEAR PERIOD. THE PERCENTAGE CALCULATED AS PRIVATE BUSINESS USE IS FOR THE CURRENT FISCAL YEAR SPANNING JULY 1, 2024 THROUGH JUNE 30, 2025. THE OVERALL MEASUREMENT PERIOD FOR THE PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. X 81 0 NOT RECORDED PER F/S X 96 13153836 FAIR MARKET VALUE 0 1 0 PART I, LINE 33: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, THE COST OF WORKS OF ART ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED. THE VALUE OF OBJECTS ACQUIRED BY GIFT CANNOT BE REASONABLY ESTIMATED, AND THEREFORE ARE NOT RECORDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. FORM 990, PART I, LINE 1 AND PART III, LINE 1: THE MUSEUM OF FINE ARTS HOUSES AND PRESERVES PREEMINENT COLLECTIONS AND ASPIRES TO SERVE A WIDE VARIETY OF PEOPLE THROUGH DIRECT ENCOUNTERS WITH WORKS OF ART. THE MUSEUM AIMS FOR THE HIGHEST STANDARDS OF QUALITY IN ALL ITS ENDEAVORS. IT SERVES AS A RESOURCE FOR BOTH THOSE WHO ARE ALREADY FAMILIAR WITH ART AND THOSE FOR WHOM ART IS A NEW EXPERIENCE. THROUGH EXHIBITIONS, PROGRAMS, RESEARCH AND PUBLICATIONS, THE MUSEUM DOCUMENTS AND INTERPRETS ITS OWN COLLECTIONS. IT PROVIDES INFORMATION AND PERSPECTIVE ON ART THROUGH TIME AND THROUGHOUT THE WORLD. THE MUSEUM HOLDS ITS COLLECTIONS IN TRUST FOR FUTURE GENERATIONS. IT ASSUMES CONSERVATION AS A PRIMARY RESPONSIBILITY, WHICH REQUIRES CONSTANT ATTENTION TO PROVIDING A PROPER ENVIRONMENT FOR WORKS OF ART AND ARTIFACTS. COMMITTED TO ITS VAST HOLDINGS, THE MUSEUM NONETHELESS RECOGNIZES THE NEED TO IDENTIFY AND EXPLORE NEW AND NEGLECTED AREAS OF ART. IT SEEKS TO ACQUIRE ART OF THE PAST AND PRESENT WHICH IS VISUALLY SIGNIFICANT AND EDUCATIONALLY MEANINGFUL. THE MUSEUM HAS OBLIGATIONS TO THE PEOPLE OF BOSTON AND NEW ENGLAND, ACROSS THE NATION AND ABROAD. IT CELEBRATES DIVERSE CULTURES AND WELCOMES NEW AND BROADER CONSTITUENCIES. THE MUSEUM IS A PLACE IN WHICH TO SEE AND TO LEARN. IT STIMULATES IN ITS VISITORS A SENSE OF PLEASURE, PRIDE AND DISCOVERY, WHICH PROVIDES AESTHETIC CHALLENGES AND LEADS TO A GREATER CULTURAL AWARENESS AND DISCERNMENT. THE MUSEUM CREATES EDUCATIONAL OPPORTUNITIES FOR VISITORS AND ACCOMMODATES A WIDE RANGE OF EXPERIENCES AND LEARNING STYLES. THE MUSEUM'S ULTIMATE AIM IS TO ENCOURAGE INQUIRY AND TO HEIGHTEN PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FORM 990, EXCLUDING SCHEDULE B, DURING A COMMITTEE MEETING. SCHEDULE B IS PROVIDED TO, AND REVIEWED BY, A SUB-GROUP OF THE AUDIT COMMITTEE COMPRISED OF THE AUDIT COMMITTEE CHAIR, CHAIR OF THE BOARD OF TRUSTEES, AND THE PRESIDENT OF THE BOARD. FORM 990 IS REVIEWED AND APPROVED PRIOR TO THE REVIEW BY THE FULL BOARD OF TRUSTEES. THE REVIEW IS REPORTED TO THE BOARD AND THE FORM 990, EXCLUDING SCHEDULE B, IS MADE AVAILABLE TO THE BAORD OF TRUSTEES VIA THE INTRANET. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST BY COMPLETING AND SIGNING A QUESTIONNAIRE ANNUALLY; IT IS THE RESPONSIBILITY OF THE MEMBERS TO DISCLOSE SUCH INTERESTS. COMPLETION OF THESE FORMS ARE TRACKED AND REVIEWED BY THE MUSEUM. PERIODIC REVIEWS ARE CONDUCTED TO ENSURE THAT THE ORGANIZATION IS OPERATING IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE MUSEUM'S FULL FINANCIAL STATEMENTS ARE AVAILABLE ON THE COMMONWEALTH OF MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE, GUIDESTAR.ORG, AND THE MUSEUM'S WEBSITE (WWW.MFA.ORG). IN ADDITION, FORMS 990 AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S FULL FINANCIAL STATEMENTS ARE AVAILABLE ON THE COMMONWEALTH OF MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE, GUIDESTAR.ORG, AND THE MUSEUM'S WEBSITE (WWW.MFA.ORG). FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS 844,108. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -770,010. TRANSFER 2,054,995. PART XII, LINE 2C: THE MUSEUM DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. MUSEUM ENTERPRISE PARTNERS INC 465 HUNTINGTON AVE BOSTON MA 02115 043554307 SALES OF ART AND RELATED DE MUSEUM OF FINE ARTS C 36573 1.00000 1 CHARITABLE REMAINDER UNITRUST 465 HUNTINGTON AVE BOSTON MA 02115 N/A MA T 1 CHARITABLE REMAINDER ANNUITY TRUST 465 HUNTINGTON AVE BOSTON MA 02115 N/A MA T 1 PERPETUAL TRUST 465 HUNTINGTON AVE BOSTON MA 02115 N/A MA T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0