2024-05-13T13:35:23-05:00 2023-06-30 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2022-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 CATHERINE VANDENABEELE CFO 6173693281 2024-05-15 1 CATHERINE VANDENABEELE XXX-XX-XXXX 0 JOSEPH GISO P00030126 7819143400 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE VANDENABEELE 465 HUNTINGTON AVENUE BOSTON MA 02115 324257039 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. 42 42 809 350 1243417 797600 60830658 62367673 11164384 23141595 56054263 1785492 20214134 12279164 148263439 99573924 0 0 0 0 41310387 44389107 0 0 5231043 93185976 78913409 134496363 123302516 13767076 -23728592 1324479765 1382617633 150288058 163763050 1174191707 1218854583 X SEE SCHEDULE O. 0 0 23623660 2657487 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. 18184855 2554553 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 2023, THE MUSEUM PRESENTED 24 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: THE STILLNESS OF THINGS: PHOTOGRAPHS FROM THE LANE COLLECTION; PORTRAITS OF LEADERSHIP: RESPONSES TO THE OBAMA PORTRAITS; THE OBAMA PORTRAITS TOUR; LIFE MAGAZINE AND THE POWER OF PHOTOGRAPHY; BODY AWARENESS: MARIA LASSNIG'S EXPERIMENTAL FILMS; FRANK BOWLING'S AMERICAS; SMFA AT TUFTS: ARCHIVE AND AUTOBIOGRAPHY; MAKING PAST PRESENT: CY TWOMBLY; WHO HOLDS UP THE SKY?; HEAR ME NOW: THE BLACK POTTERS OF OLD EDGEFIELD, SOUTH CAROLINA; HOKUSAI: INSPIRATION AND INFLUENCE; THE PROVINCETOWN PRINTMAKERS; PAINTED TINTYPES: PHOTOGRAPHY FOR THE PEOPLE; E. JANE: DRENCHED IN LIGHT; COMMUNITY ARTS INITIATIVE: FROM FARM TO CRAFT TABLE; SOMETHING OLD, SOMETHING NEW: WEDDING FASHIONS AND TRADITIONS; WORLD OF THE PHARAOHS AT MFA HOUSTON; THE HEROES-CHRONICLES OF THE WARRIORS: JAPANESE SWORDS X UKIYO-E AT TOKYO, JAPAN & KOBE, JAPAN; ART AND POWER: FROM PHARAOHS TO DAIMYOS. MASTERWORKS AT TOKYO, JAPAN; NUBIA: JEWELS OF ANCIENT SUDAN AT LOS ANGELES, CA; FABRIC OF A NATION: AMERICAN QUILT STORIES AT LOS ANGELES, CA; ANSEL ADAMS IN OUR TIME AT SAN FRANCISCO, CA; ANCIENT NUBIA: ART OF THE 25TH DYNASTY AT ATLANTA, GA. 2072935 2356119 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. 53022268 22040396 OPERATING SUPPORT: EXPENSES: $45,571,879 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: $1,125,953 REVENUE: $4,110,841THE 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: $891,077 $REVENUE: 2,245,643THE MUSEUM IS ORGANIZED AND OPERATED AS AN ART MUSEUM. THE EATING FACILITIES 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: $3,578,184 REVENUE: $8,916,826OVER 849,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2023. DURING THE FISCAL YEAR 2023, THERE WERE MORE THAN FIVE COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE WAIVED. THE MUSEUM HAS OVER 49,000 ACTIVE MEMBER HOUSEHOLDS. THERE ARE 3 LEVELS OF PAID 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: $1,855,175 REVENUE: $6,767,086 53022268 22040396 96903718 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 1 216 0 1 809 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 42 42 0 0 0 0 0 0 0 1 1 0 0 0 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 1013783 0 43692 MARK KERWIN CFO, DEPUTY DIRECTOR-FORMER 40.00 X 583314 0 20344 CAMERAN MASON CHIEF EXTERNAL RELATIONS 40.00 X 499788 0 47352 ERIC WOODS CHIEF OPERATING OFFICER 40.00 X 442982 0 22901 CHRISTINA YU YU CHIEF OF CURATORIAL AND CONSERVATION 40.00 X 254369 0 42521 JANE O'REILLY-CORCORAN DIR. OF HUMAN RESOURCES 40.00 X 259486 0 34801 LEAH SULLIVAN CONTROLLER 40.00 X 267307 0 25189 CHRISTOPHER FOX DIR. OF TREASURY MANAGEMENT 40.00 X 231050 0 37976 DEBRA LAKIND SR DIR, IP & BUSINESS DEVELOPMENT 40.00 X 205862 0 40605 ELLEN J REYNOLDS DIRECTOR OF DEVELOPMENT 40.00 X 211141 0 18261 BRENDAN MULLIGAN DIR, PROCURENT & BUSINESS OPERATIONS 40.00 X 205943 0 17934 MARIEL NOVAS CHIEF OF LEARNING AND COMMUNITY ENGAGEMENT 40.00 X 159904 0 3691 ROBERT WORSTELL INTERIM CHIEF OF LEARNING & COMMUNITY ENGAGEMENT 40.00 X 122278 0 22960 JOHN TOULMIN DIR. OF TREASURY MANAGEMENT - FORMER 40.00 X 121530 0 0 CATHERINE VANDENABEELE CHIEF FINANCIAL OFFICER 40.00 X 113942 0 0 EMILY BLUMENTHAL CHIEF OF STAFF 40.00 X 91923 0 8834 KRISTIN FERGUSON CHIEF OF STAFF 40.00 X 72794 0 0 CATHY E MINEHAN ELECTED TRUSTEE - CHAIR 1.00 X X 0 0 0 EDWARD E GREENE ELECTED TRUSTEE - PRESIDENT 1.00 X X 0 0 0 MARC S PLONSKIER PRESIDENT - ELECT 1.00 X X 0 0 0 AZADEH DJAZANI ELECTED TRUSTEE - CHAIR ADVISORS 1.00 X X 0 0 0 PAUL G ALEXANDER ELECTED TRUSTEE 1.00 X 0 0 0 JILL AVERY ELECTED TRUSTEE 1.00 X 0 0 0 CARLOTTE NORD BERK ELECTED TRUSTEE 1.00 X 0 0 0 MICHELE COURTON BROWN ELECTED TRUSTEE 1.00 X 0 0 0 ELIZABETH CHANDLER 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 RONALD M DRUKER ELECTED TRUSTEE 1.00 X 0 0 0 THOMAS AJ FRANK 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 PATRICIA KRAFT ELECTED TRUSTEE 1.00 X 0 0 0 LIZBETH KRUPP 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 ROBERT NAGLE ELECTED TRUSTEE 1.00 X 0 0 0 SAMUEL PLIMPTON ELECTED TRUSTEE 1.00 X 0 0 0 AMY POORVU ELECTED TRUSTEE 1.00 X 0 0 0 THERESA M 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 EMI M WINTERER ELECTED TRUSTEE 1.00 X 0 0 0 XIAOHUA ZHANG ELECTED TRUSTEE 1.00 X 0 0 0 CAROLYN OSTEEN APPOINTED TRUSTEE - BOSTON ATHENAEUM 1.00 X 0 0 0 PRISCILLA H DOUGLAS APPOINTED TRUSTEE - BOSTON PUB. LIBRARY 1.00 X 0 0 0 MARY SKIPPER APPOINTED TRUSTEE - BOSTON PUB. SCHOOLS 1.00 X 0 0 0 KATHERINE N LAPP APPOINTED TRUSTEE - HARVARD UNIV. 1.00 X 0 0 0 MICHELLE WU APPOINTED TRUSTEE - MAYOR OF BOSTON 1.00 X 0 0 0 SUSAN O'BRIEN APPOINTED TRUSTEE - MFA ASSOCIATES 1.00 X 0 0 0 MELISSA NOBLES APPOINTED TRUSTEE - MIT 1.00 X 0 0 0 JAMES M GLASER APPOINTED TRUSTEE - TUFTS UNIV. 1.00 X 0 0 0 4857396 0 387061 92 1 1 0 US ART COMPANY 78 PACELLA PARK DR RANDOLPH MA 02368 ART SHIPPING AND STORAGE 1933261 CONNELLY PARTNERS LLC 46 WALTHAM STREET 4TH FL BOSTON MA 02118 MARKETING 1451032 C&W FACILITY SERVICES INC 117 KENDRICK ST SUITE 250 NEEDHAM MA 02494 CLEANING SERVICES 1254520 WISE CONSTRUCTION CORP 21 EAST STREET WINCHESTER MA 01890 CONSTRUCTION 1119409 ALLIED UNIVERSAL EIGHT TOWER BRIDGE 161 WASHINGTON CONSHOHOCKEN PA 02241 SECURITY 910619 23 8121164 127545 60000 54058964 7954407 62367673 ADMISSION 713990 8916826 8916826 OTHER MISC. PROGRAM SERVICES 900099 6767086 6767086 EDUCATION PROGRAM REVENUE 611710 2657487 2657487 EXHIBITION 713990 2554553 2554553 RESTAURANT FOOD SERVICES 722511 2245643 2245643 23141595 2520569 -56873 2577442 6926036 1945079 4980957 4980957 4980957 219632271 220367348 -735077 -735077 478087 -1213164 65560 127545 56516 9044 9044 4673913 2314172 2359741 2356119 3622 PARKING 812930 4929422 4110841 818581 4929422 99573924 29608555 1243417 6354279 3419224 565124 2368678 485422 31601951 24137383 4989951 2474617 2078961 1474283 430542 174136 4674872 3672838 720086 281948 2614099 1853773 541367 218959 2018243 2018243 509113 509113 306361 18800 287561 5878664 913112 4928161 37391 2977022 2065179 906316 5527 2368606 2032212 336394 2111927 1800696 225653 85578 1442276 84840 1353571 3865 4838759 4693353 145406 1036074 729458 283231 23385 4631800 3690837 940963 21280671 20959061 316562 5048 1423803 583126 840677 UBIT TAX 400626 400626 PURCHASE WORKS OF ART 10301868 10101868 200000 EQUIPMENT AND RENTAL 7434489 7234283 194504 5702 EXHIBITION AND SPECIAL 5225336 5225336 4727771 3049913 649019 1028839 123302516 96903718 21167755 5231043 18868947 60653579 75665387 65474457 67057796 73975240 1162754 810377 1560766 1860928 1262861 1705682 700988252 404469847 287697569 296518405 524805050 514858810 335197821 355977102 11200814 10783053 1324479765 1382617633 24442257 19744320 3278218 2756777 99832384 99843201 145708 6328280 22589491 35090472 150288058 163763050 X 167116678 160703862 1007075029 1058150721 1174191707 1218854583 1324479765 1382617633 X -23728592 62477077 269608 5644783 X X 0 1 X 1 0 X 92323768 140040884 62410288 60830658 62367673 417973271 92323768 140040884 62410288 60830658 62367673 417973271 25328109 392645162 10105493 11684877 13391779 9271478 9503478 53957105 12667 758809 0 1907745 797600 3476821 4392556 2492272 1205837 3312931 4110841 15514437 490921634 112032697 0.79980 0.81660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 703387703 16830693 27713539 11534871 4727654 731669410 792806414 47501355 -116316549 14360849 6242668 703387703 616774648 27970520 173481226 13312406 12107574 792806414 633904445 13135921 -12460134 11942881 5862703 616774648 644748807 9451715 -4406867 11030467 4858743 633904445 0.08671 0.45054 0.46275 1 0 23662651 23662651 605241896 345534095 259707801 67147236 58935752 8211484 4936469 4936469 296518405 332141000 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 23836102 F 355977102 LINE OF CREDIT 18208000 ASSET RETIREMENT OBLIGATION 9124470 LIABILITY -INTEREST RATE SWAP 5949405 OTHER LIABILITIES -DEFERRED SAVINGS PLAN 1808597 35090472 X 167553505 62477077 269608 9960550 72707235 94846270 4727654 4727654 99573924 122890629 4315767 4315767 118574862 4727654 4727654 123302516 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 OVER 685 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 23,180. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 5,621,603. COST OF SALES - MERCHANDISING OPERATIONS 2,314,172. RENTAL EXPENSES -DEPRECIATION 1,945,079. DIRECT EVENT EXPENSES 56,516. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MERCHANDISING OPERATIONS 2,314,172. RENTAL EXPENSES -DEPRECIATION 1,945,079. DIRECT EVENT EXPENSES 56,516. 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 249994492 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT N/A 16031011 0 0 0 0 0 0 266025503 0 266025503 1 0 1 1 1 0 PART III ACCOUNTING METHOD: ART IN BLOOM 193105 127545 65560 56516 193105 127545 65560 56516 56516 9044 X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 862499 0 100000 0 51284 0 24400 0 19292 0 1057475 0 0 0 MARK KERWIN CFO, DEPUTY DIRECTOR-FORMER 52392 0 400000 0 130922 0 16505 0 3839 0 603658 0 0 0 CAMERAN MASON CHIEF EXTERNAL RELATIONS 424788 0 75000 0 0 0 24398 0 22954 0 547140 0 0 0 ERIC WOODS CHIEF OPERATING OFFICER 417982 0 25000 0 0 0 14837 0 8064 0 465883 0 0 0 CHRISTINA YU YU CHIEF OF CURATORIAL AND CONSERVATION 253369 0 0 0 1000 0 20270 0 22251 0 296890 0 0 0 JANE O'REILLY-CORCORAN DIR. OF HUMAN RESOURCES 218486 0 41000 0 0 0 17399 0 17402 0 294287 0 0 0 LEAH SULLIVAN CONTROLLER 211307 0 56000 0 0 0 16905 0 8284 0 292496 0 0 0 CHRISTOPHER FOX DIR. OF TREASURY MANAGEMENT 201050 0 30000 0 0 0 16084 0 21892 0 269026 0 0 0 DEBRA LAKIND SR DIR, IP & BUSINESS DEVELOPMENT 205862 0 0 0 0 0 18438 0 22167 0 246467 0 0 0 ELLEN J REYNOLDS DIRECTOR OF DEVELOPMENT 211141 0 0 0 0 0 15536 0 2725 0 229402 0 0 0 BRENDAN MULLIGAN DIR, PROCURENT & BUSINESS OPERATIONS 172943 0 33000 0 0 0 15475 0 2459 0 223877 0 0 0 MARIEL NOVAS CHIEF OF LEARNING AND COMMUNITY ENGA 159904 0 0 0 0 0 0 0 3691 0 163595 0 0 0 JOHN TOULMIN DIR. OF TREASURY MANAGEMENT - FORMER 121530 0 0 0 0 0 0 0 0 0 121530 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 $1,284 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 PAYMENTS UNDER A VOLUNTARY EARLY RETIREMENT PROGRAM WERE PAID TO THE BELOW INDIVIDUAL AND INCLUDED IN FORM W-2 FOR THE CALENDAR YEAR 12/31/2022: J. TOULMIN $121,530 PART I, LINE 7 NON-FIXED AND DISCRETIONARY BONUSES WERE PAID TO THE FOLLOWING DURING CALENDAR YEAR 2022: MATTHEW TEITELBAUM $100,000 MARK KERWIN $400,000 CAMERAN MASON $75,000 JANE O'REILLY-CORCORAN $41,000 CHRISTOPHER FOX $30,000 ERIC WOODS $25,000 LEAH SULLIVAN $56,000 BRENDAN MULLIGAN - $33,000 THE BONUS FOR MATTHEW TEITELBAUM WAS APPROVED BY THE CHAIR AND PRESIDENT BOARD OF TRUSTEES AND SUBSEQUENTLY COMMUNICATED TO THE EXECUTIVE COMMITTEE OF THE BOARD. A MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 042456011 57586CL29 2007-12-13 185000000 NEW MONEY FOR CONSTRUCTION 0 0 0 A 85157000 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, 2022 THROUGH JUNE 30, 2023. THE OVERALL MEASUREMENT PERIOD FOR THE PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. X 77 0 NOT RECORDED PER F/S X 69 7954407 FAIR MARKET VALUE 15 0 1 0 PART I, COLUMN (B): THE NUMBERS REPORTED IN COLUMN B REPRESENTS A COMBINATION OF THE NUMBER OF ITEMS RECEIVED AND THE NUMBER OF CONTRIBUTIONS. 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 A AND SCHEDULE B, DURING A COMMITTEE MEETING. SCHEDULE A AND SCHEDULE B ARE PROVIDED TO, AND REVIEWED BY, A SUB-GROUP OF THE AUDIT COMMITTEE COMPRISED OF THE AUDIT COMMITTEE CHAIR, THE CHAIR OF THE BOARD OF TRUSTEES, AND THE PRESIDENT OF THE BOARD. FORM 990 IS REVIEWED AND APPROVEED PRIOR TO THE REVIEW BY THE FULL BOARD OF TRUSTEES. THIS REVIEW IS REPORTED TO THE BOARD, AND THE FORM 990, EXCLUDING SCHEDULE A AND SCHEDULE B, IS MADE AVAILABLE TO THE BOARD 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 BY THE BOARD'S COMPENSATION COMMITTEE. THIS COMMITTEE REVIEWS AVAILABLE DATA FROM ITS PEER ORGANZIATIONS, AVAILABLE PUBLISHED SURVEYS, AND OTHER AVAILABLE SOURCES SUCH AS PEER ORGANIZATIONS' 990 FORMS, AS WELL AS PERIODIC 3RD PARTY PROVIDED COMPENSATION STUDIES. THIS INFORMATION IS USED IN CONJUNCTION WITH PERFORMANCE MEASUREMENTS TO DETERMINE APPROPRIATE COMPENSATION FOR THE DIRECTOR AND KEY OFFICERS. 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 UPON REQUEST FROM THE MUSEUM. CERTAIN EXCERPTS OF THE FINANCIAL STATEMENTS ARE AVAILABLE ON 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 UPON REQUEST FROM THE MUSEUM. CERTAIN EXCERPTS OF THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE (WWW.MFA.ORG). FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS 23,180. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 5,621,603. 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