2024-05-15T10:54:07-05:00 2023-06-30 366055558 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2022-07-01 231365388 PHILADELPHIA MUSEUM OF ART PHIL 2157638100 PO BOX 7646 PHILADELPHIA PA 191017646 VALARIE MCDUFFIE CFO 2156847801 2024-05-15 1 VALARIE MCDUFFIE XXX-XX-XXXX 1 ALYCIA SOLECKI P01272637 2155614200 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALEXANDRA SVATAVA SUDA PO BOX 7646 PHILADELPHIA PA 191017646 157275461 0 X WWW.PHILAMUSEUM.ORG X 1876 PA THE PHILADELPHIA MUSEUM OF ART IS COMMITTED TO BEING THE CULTURAL HEART OF PHILADELPHIA. (SCH O)PMA IS A NATIONAL AND INTERNATIONAL DESTINATION FOR ART, BUT FIRST AND FOREMOST WE ARE PHILADELPHIA'S MUSEUM FOR ALL THE MANY DIVERSE COMMUNITIES OF THE CITY. UNDER A NEW LEADERSHIP TEAM, PMA IS PLANNING FOR THE NEXT ERA, EXPANDING THE IMPACT OF THE MUSEUM AS AN ARTS ORGANIZATION AND CIVIC LEADER FOR ALL PHILADELPHIANS TO EXPERIENCE. 57 56 443 204 -2288714 0 40423859 43987025 5818808 7765770 38335921 59501871 3130487 3159331 87709075 114413997 0 0 0 0 29135100 29456708 176134 163971 4031182 46693516 48242431 76004750 77863110 11704325 36550887 1179504038 1177025721 126156896 100770054 1053347142 1076255667 X (SEE SCHEDULE O FOR MORE DETAILS) THE PHILADELPHIA MUSEUM OF ART IN PARTNERSHIP WITH THE CITY, THE REGION AND ART MUSEUMS AROUND THE GLOBE-SEEKS TO PRESERVE, ENHANCE, INTERPRET AND EXTEND THE REACH OF ITS GREAT COLLECTIONS IN PARTICULAR AND THE VISUAL ARTS IN GENERAL, TO AN INCREASING AND INCREASINGLY DIVERSE AUDIENCE AS A SOURCE OF DELIGHT, ILLUMINATION, AND LIFELONG LEARNING. 0 0 41533591 0 6776051 EXHIBITIONS, CURATORIAL, AND COLLECTIONS(SEE SCHEDULE O FOR ADDITIONAL INFORMATION)SINCE OUR FOUNDING AT THE 1876 CENTENNIAL EXHIBITION, PMA HAS ACCUMULATED ONE OF THE WORLD'S LEADING ART COLLECTIONS WITH 250,000 WORKS SPANNING 4,000 YEARS. HIGHLIGHTS OF THE COLLECTION INCLUDE:- THE WORLD'S LARGEST AND MOST IMPORTANT COLLECTION OF WORKS BY MARCEL DUCHAMP.- THE GREATEST COLLECTION OF SCULPTURE BY CONSTANTIN BRANCUSI OUTSIDE EUROPE.- THE FINEST PUBLIC COLLECTION OF AUGUSTE RODIN'S SCULPTURE IN THE UNITED STATES.- SUPERB IMPRESSIONIST AND POST-IMPRESSIONIST PAINTINGS, INCLUDING PAUL CEZANNE'S THE LARGE BATHERS, VINCENT VAN GOGH'S SUNFLOWERS, AND IMPORTANT PAINTINGS BY EDOUARD MANET, CLAUDE MONET, PIERRE-AUGUSTE RENOIR, CAMILLE PISSARRO, AND EDGAR DEGAS.- EXCEPTIONAL AMERICAN PAINTING, SCULPTURE, FURNITURE, SILVER, AND CERAMICS-INCLUDING THE REMARKABLE CREATIONS OF THE SHAKERS AND PENNSYLVANIA GERMANS THAT REFLECT PHILADELPHIA'S CENTRAL ROLE IN AMERICAN HISTORY.- EXTRAORDINARY PERIOD ROOMS AND ARCHITECTURAL ENSEMBLES FROM AROUND THE WORLD.THE MUSEUM'S LANDMARK MAIN BUILDING OPENED IN 1928 AT THE WESTERN END OF THE BENJAMIN FRANKLIN PARKWAY. OTHER BUILDINGS THAT MAKE UP THE CAMPUS INCLUDE THE PERELMAN BUILDING, THE RODIN MUSEUM, AND THE TWO GREAT EIGHTEENTH CENTURY HOUSES IN FAIRMOUNT PARK, MOUNT PLEASANT, AND CEDAR GROVE.IN THE GALLERIES, IN FISCAL YEAR 2023 THE MUSEUM PRESENTED OVER TWO DOZEN EXHIBITIONS AND COLLECTION INSTALLATIONS, INCLUDING: ONENESS: NATURE & CONNECTIVITY IN CHINESE ART (JULY 30, 2022 OCTOBER 29, 2023), FAR & AWAY (AUGUST 27, 2022 JANUARY 22, 2023), IN WITH THE NEW (AUGUST 27, 2022 JANUARY 22, 2023), RIVER OF FORMS: GIUSEPPE PENONE'S DRAWINGS (SEPTEMBER 24, 2022 FEBRUARY 26, 2023), MATISSE IN THE 1930S (OCTOBER 20, 2022 JANUARY 29, 2023), RHYTHMS OF NATURE: THE ART & DESIGN OF DRIFT (NOVEMBER 20, 2022 SEPTEMBER 10, 2023), ISAAC JULIEN: LINA BO BARDIA MARVELOUS ENTANGLEMENT (JANUARY 28 MAY 29, 2023), HOUSE OF PHOTOGRAPHS: THE KASAKOFF-ADAMS COLLECTION (FEBRUARY 18 JULY 10, 2023), JUDITH JOY ROSS (APRIL 24 AUGUST 6, 2023), MARTINE SYMS: NEURAL SWAMP/THE FUTURE FIELDS COMMISSION (MAY 14 JULY 9, 2023), AND THE ARTIST'S MOTHER: WHISTLER & PHILADELPHIA (JUNE 10 OCTOBER 29, 2023).IN FISCAL YEAR 2023, THE MUSEUM ALSO PUBLISHED ART OF JAPAN: HIGHLIGHTS FROM THE PHILADELPHIA MUSEUM OF ART, THE FIFTH VOLUME IN ITS SERIES FOCUSING ON ASPECTS OF THE COLLECTION. IN THE SPRING, THE MUSEUM OPENED ELEGY: LAMENT IN THE 20TH CENTURY (FEBRUARY 12-JULY 24, 2022) AND SEAN SCULLY: THE SHAPE OF IDEAS (APRIL 11-JULY 31, 2022), WHICH HAD 62,258 AND 68,498 VISITORS, RESPECTIVELY JASPER JOHNS: MIND/MIRROR (SEPTEMBER 29, 2021-FEBRUARY 13, 2022), ORGANIZED IN PARTNERSHIP WITH THE WHITNEY MUSEUM OF AMERICAN ART, ATTRACTED 94,222 VISITORS DURING ITS 20-WEEK RUN IN PHILADELPHIA. EMMA AMOS: COLOR ODYSSEY (OCTOBER 11, 2021-JANUARY 17, 2022) DREW 40,444 VISITORS, AND BOTH OF THESE SHOWS WERE NAMED AMONG THE BEST ART EXHIBITIONS OF 2021 BY THE NEW YORK TIMES. RICHARD BENSON: THE WORLD IS SMARTER THAN YOU ARE (OCTOBER 3, 2021-JANUARY 23, 2022) DREW 44,345 VISITORS . . . THE MUSEUM CONTINUED TO PROGRESS ON THE COMPREHENSIVE DIVERSITY, EQUITY, INCLUSION, AND ACCESS (DEIA) INITIATIVE THAT LAUNCHED IN 2020. IN JUNE 2021, ALPHONSO ATKINS JR. JOINED PMA AS THE INAUGURAL MILLER WORLEY DEPUTY DIRECTOR FOR DEIA. SINCE THEN, HE HAS MET WITH EACH MUSEUM DEPARTMENT AND TRUSTEES, AND VOLUNTEERS TO CONDUCT THE FIRST MUSEUM-WIDE DEIA EQUITY AUDIT. THE EQUITY AUDIT WILL BE AN ONGOING PROCESS AND WILL PROMOTE REGULAR HABITS OF FORECASTING DEIA ACTIONS AND DOCUMENTING PROGRESS. IT ALLOWS EACH DEPARTMENT TO ANALYZE ITS WORKFLOWS AND PINPOINT SPECIFIC IMPROVEMENTS. HAVING COMPLETED THE FIRST ANNUAL MUSEUM-WIDE EQUITY AUDIT IN 2022, PMA STANDS AT THE OUTSET OF A LONG-TERM JOURNEY THAT WILL BE THE DEFINING PRIORITY FOR OUR MUSEUM. 8467830 0 74738 EDUCATION, LIBRARY, AND COMMUNITY PROGRAMS FOR CHILDREN, THE DISABLED, AND THE GENERAL PUBLIC PROVIDE A BETTER UNDERSTANDING OF THE MUSEUM'S COLLECTION AND ART IN GENERAL.(SEE SCHEDULE O FOR ADDITIONAL INFORMATION)EDUCATION IS AT THE HEART OF OUR MISSION AND A PRIMARY MEANS OF SERVING OUR VISITORS AND ENGAGING NEW AUDIENCES. WORKING COLLABORATIVELY WITH PARTNERS LIKE THE SCHOOL DISTRICT OF PHILADELPHIA (SDP) AND OTHER COMMUNITY STAKEHOLDERS ALLOWS PMA TO CREATE PROGRAMS FOR OUR VISITORS THAT RESPOND DIRECTLY TO THEIR NEEDS. THE MUSEUM'S LONGSTANDING RELATIONSHIP WITH THE SDP HAS RESULTED IN MAKING VIRTUAL FIELD TRIPS MODELED ON OUR MOST POPULAR SCHOOL OFFERING: SINGLE-VISIT TOURS. THESE VIRTUAL FIELD TRIPS ARE FREE OF CHARGE FOR PHILADELPHIA PUBLIC AND CHARTER SCHOOLS. WE SERVED MORE THAN 6,300 STUDENTS THROUGH VIRTUAL AND IN-PERSON ENGAGEMENTS. PARTICIPANTS REPRESENT PHILADELPHIA PUBLIC AND CHARTER SCHOOLS. WE ALSO CONTINUED OFFERING VIRTUAL AND IN-PERSON EDUCATOR PROFESSIONAL DEVELOPMENT AND PROVIDED DIGITAL CURRICULUM RESOURCES FOR EDUCATORS AND CHILDREN.THE DEPARTMENT OF FAMILY PROGRAMS HAS DEVELOPED A ROBUST SCHEDULE OF IN-PERSON AND VIRTUAL OFFERINGS DESIGNED TO NURTURE CREATIVITY IN KIDS OF ALL AGES. THE MUSEUM IS THRILLED TO SEE THE RETURN OF IN-PERSON FAMILY PROGRAMMING UNDER THE ART KIDS UMBRELLA. ART KIDS IS AN INITIATIVE TO BUILD AND EXPAND OUR FAMILY AUDIENCE THROUGH YEAR-LONG PROGRAMMING PRIMARILY FOR CHILDREN AGES 3-10 AND THEIR CARETAKERS. THE PROGRAM SUCCESSFULLY ENGAGED WITH THOUSANDS OF CHILDREN AND FAMILIES THIS PAST YEAR THROUGH ACTIVITIES LIKE ART KIDS STUDIO, GALLERY TOURS, FAMILY FESTIVALS, AND VIRTUAL PROGRAMS. BUILDING LASTING RELATIONSHIPS WITH LOCAL FAMILIES IS KEY TO THE INITIATIVE, WHICH SEEKS TO CONNECT CHILDREN WITH THE ARTS AT A YOUNG AGE, PROVIDE CAREGIVERS WITH THE SUPPORT THEY NEED TO ENGAGE THEIR CHILDREN WITH THE VISUAL ARTS AND DEVELOP THE NEXT GENERATION OF MUSEUMGOERS AND ART ENTHUSIASTS. 10310455 0 2431002 AUXILIARY ACTIVITIES AND PUBLIC RELATIONS(SEE SCHEDULE O FOR ADDITIONAL INFORMATION)UNDER NEW LEADERSHIP THE PMA IS PLANNING FOR THE NEXT ERA WITH A CHANGING MODEL. WE ARE EXPANDING OPPORTUNITIES TO BENEFIT DIVERSE AUDIENCES, STRENGTHEN OUR POSITION AS A COMMUNITY-CENTRIC INSTITUTION, AND ADDRESS THE NEEDS OF FUTURE GENERATIONS.DURING THE FISCAL YEAR ENDING JUNE 30, 2023, THE MUSEUM WELCOMED 631,737 VISITORS. WE ENGAGE VISITORS THROUGH CREATIVITY IN THE PRESENTATION AND INTERPRETATION OF OUR COLLECTION AND SPECIAL EXHIBITIONS. WE RECOGNIZE THAT SURPRISE, DELIGHT, AND INSPIRATION ARE ESSENTIAL TO THE EXPERIENCE OF GREAT WORKS OF ART. 60311876 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 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 1 443 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 57 56 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NJ NY CT FL CA AL AK AR CO GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NM NC ND OH OK OR RI SC TN VA WA WV WI DC X X VALARIE MCDUFFIE 2156847801 2525 PENNSYLVANIA AVENUE PHILADELPHIA PA 19130 TIMOTHY F RUB DIRECTOR AND CEO (TERM 08/22) 35.00 0.00 X X 1061868 0 26722 LESLIE A MILLER CHAIR 1.00 0.00 X X 0 0 0 OSAGIE O IMASOGIE VICE CHAIR 1.00 0.00 X X 0 0 0 CONSTANCE H WILLIAMS CHAIR EMERITI 1.00 0.00 X X 0 0 0 AMACHI ACKAH TRUSTEE 1.00 0.00 X 0 0 0 MARTA ADELSON TRUSTEE 1.00 0.00 X 0 0 0 JOHN R ALCHIN TRUSTEE 1.00 0.00 X 0 0 0 DENNIS ALTER TRUSTEE 1.00 0.00 X 0 0 0 EDUARDO ARDILES TRUSTEE 1.00 0.00 X 0 0 0 BARBARA ARONSON TRUSTEE 1.00 0.00 X 0 0 0 ANDREA M BALDECK MD TRUSTEE 1.00 0.00 X 0 0 0 SANDRA K BALDINO TRUSTEE 1.00 0.00 X 0 0 0 SHELDON M BONOVITZ TRUSTEE 1.00 0.00 X 0 0 0 IRA BRIND TRUSTEE 1.00 0.00 X 0 0 0 JULIAN BRODSKY TRUSTEE 1.00 0.00 X 0 0 0 ELLEN CAPLAN TRUSTEE 1.00 0.00 X 0 0 0 EMILY CAVANAGH TRUSTEE 1.00 0.00 X 0 0 0 KEMEL DAWKINS TRUSTEE 1.00 0.00 X 0 0 0 ROMULO L DIAZ JR TRUSTEE 1.00 0.00 X 0 0 0 H RICHARD DIETRICH III TRUSTEE 1.00 0.00 X 0 0 0 MARLENE S DOONER TRUSTEE 1.00 0.00 X 0 0 0 HOPE D'OYLEY-GAY TRUSTEE 1.00 0.00 X 0 0 0 ORLANDO ESPOSITO TRUSTEE 1.00 0.00 X 0 0 0 EDWARD FERNBERGER JR TRUSTEE 1.00 0.00 X 0 0 0 JAIMIE SPECTOR FIELD TRUSTEE 1.00 0.00 X 0 0 0 JULIA FLEISCHNER TRUSTEE 1.00 0.00 X 0 0 0 AMY A FOX TRUSTEE 1.00 0.00 X 0 0 0 DAVID HAAS TRUSTEE 1.00 0.00 X 0 0 0 PHOEBE HADDON TRUSTEE 1.00 0.00 X 0 0 0 ANNE F HAMILTON TRUSTEE 1.00 0.00 X 0 0 0 ROB HAYES TRUSTEE 1.00 0.00 X 0 0 0 JOAN M JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 TAC JUSTI TRUSTEE 1.00 0.00 X 0 0 0 GEORGE B KELLY TRUSTEE 1.00 0.00 X 0 0 0 DAVID D LANGFITT TRUSTEE 1.00 0.00 X 0 0 0 VICTORIA MCNEIL LE VINE TRUSTEE 1.00 0.00 X 0 0 0 MAXINE LEWIS TRUSTEE 1.00 0.00 X 0 0 0 SUEYUN LOCKS TRUSTEE 1.00 0.00 X 0 0 0 JOHN J MEDVECKIS TRUSTEE 1.00 0.00 X 0 0 0 HILARIE MORGAN TRUSTEE 1.00 0.00 X 0 0 0 MEY-YEN MORIUCHI TRUSTEE 1.00 0.00 X 0 0 0 MARTHA HAMILTON MORRIS TRUSTEE 1.00 0.00 X 0 0 0 ZOE S PAPPAS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL K PEARSON TRUSTEE 1.00 0.00 X 0 0 0 AJAY RAJU TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER RICE TRUSTEE 1.00 0.00 X 0 0 0 LYN M ROSS TRUSTEE 1.00 0.00 X 0 0 0 MARSHA W ROTHMAN TRUSTEE 1.00 0.00 X 0 0 0 PIA ROYCHOWDHURY TRUSTEE 1.00 0.00 X 0 0 0 MARK E RUBENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 ANGELICA ZANDER RUDENSTINE TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE SACHS TRUSTEE 1.00 0.00 X 0 0 0 DAVID WILLIAM SELTZER TRUSTEE 1.00 0.00 X 0 0 0 MARTHA MCGEARY SNIDER TRUSTEE 1.00 0.00 X 0 0 0 JOAN F THALHEIMER TRUSTEE 1.00 0.00 X 0 0 0 BRUCE E TOLL TRUSTEE 1.00 0.00 X 0 0 0 JERRY WIND TRUSTEE 1.00 0.00 X 0 0 0 ROBERT A ZURITSKY TRUSTEE 1.00 0.00 X 0 0 0 JOSH SHAPIRO TRUSTEE EX OFFICIO (AS OF 01/23) 1.00 0.00 X 0 0 0 JAMES F KENNEY TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 DARELL L CLARKE TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 SASHA SUDA TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 PATRICIA HENHOEFFER TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 JOHN CRABLE TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 MELISSA BLANTON TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 CATHERINE K ALTMAN TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 THOMAS WOLF TRUSTEE EX OFFICIO (TERM 01/23) 1.00 0.00 X 0 0 0 ALEXANDRA SVATAVA SUDA DIRECTOR AND CEO (AS OF 09/22) 35.00 0.00 X X 164895 0 7142 DEBORAH JOHNSTON CFO (TERM 12/22) 35.00 0.00 X 319478 0 41361 WILLIAM PETERSEN COO (TERM 06/23) 35.00 0.00 X 328480 0 15355 VALARIE MCDUFFIE CFO (AS OF 06/23) 35.00 0.00 X 0 0 0 ALBERT SUH GENERAL COUNSEL/SECRETARY 35.00 0.00 X 192804 0 258 JONATHAN L PETERSON DIR. OF DEVELOPMENT (TERM 06/23) 35.00 0.00 X 310566 0 24168 JESSICA SHARPE TERM 0623 DEPUTY DIR FOR VISITOR EXPERIENCE 35.00 0.00 X 196802 0 29221 KATHERINE E REILLY TERM 1222 DEPUTY DIRECTOR FOR DIGITAL RESOURCE 35.00 0.00 X 202678 0 20237 NANCY B FINN DEPUTY DIR OF DVLPMT, IND GIVING 35.00 0.00 X 182686 0 33238 ALPHONSO ATKINS DEPUTY DIR FOR DEIA 35.00 0.00 X 214050 0 27617 HYUNSOO WOO DEPUTY DIR FOR COLLECTIONS & EXH 35.00 0.00 X 205466 0 22787 JANE LAWSON-BELL DIR. OF FACILITIES AND OPERATIONS 35.00 0.00 X 165186 0 37269 3544959 0 285375 50 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 3418799 CSI INTERNATIONAL INC 6700 N ANDREWS AVE SUITE 400 FT LAUDERDALE FL 33309 CONSTRUCTION 2063550 CLEAN TECH SERVICES INC 114 CHESTNUT STREET 5TH FLOOR PHILADELPHIA PA 19106 CUSTODIAL SERVICES 1240091 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 022412015 INVESTMENT CONSULTING 1072211 LIMBACH 175 TITUS AVENUE SUITE 100 WARRINGTON PA 18976 CONSTRUCTION 918549 27 4470782 766444 5598000 33151799 2645410 43987025 ADMISSIONS 900099 6501504 6501504 EXHIBITION REVENUES 900099 166035 166035 PUBLICATION DISTRIBUTION 900099 108512 108512 EDUCATION PROGRAMS 611710 74738 74738 914981 914981 7765770 9634408 -2626379 12260787 36001 36001 958258 505081 453177 453177 453177 89125201 228310 39486048 0 49639153 228310 49867463 49867463 503603 766444 1084558 -580955 -580955 3639463 1785777 1853686 1516021 337665 GUEST & EMPLOYEE PARKING 900099 1106876 1106876 CONCESSION FEES 900099 290546 290546 1397422 114413997 9281791 -2288714 63433895 X 2466714 1001205 1118801 346708 21833059 16724961 3117776 1990322 770984 668609 31224 71151 2758416 2289830 182892 285694 1627535 1333286 125580 168669 552873 552873 166958 166958 174000 174000 163971 163971 2045527 2045527 9478761 7307081 2043360 128320 1466445 1394458 69374 2613 1788421 1400663 315157 72601 941479 758388 79834 103257 20067 20067 4499715 4050504 311311 137900 791532 607434 128916 55182 1966270 1789212 131426 45632 16133791 14680982 1078384 374425 1556663 600906 954647 1110 ACQUISITIONS 2049819 2049819 SPECIAL EXHIBITIONS 1602607 1602607 3007503 2031864 892012 83627 77863110 60311876 13520052 4031182 104063167 95894645 62450984 67897812 3044471 788241 968976 1223446 1214637 1293576 619025398 168086124 465785669 450939274 96204018 78135084 432500123 466769978 13271993 14083665 1179504038 1177025721 12600958 12500165 1809473 1631126 110435307 85461531 1311158 1177232 126156896 100770054 X 444576066 453627352 608771076 622628315 1053347142 1076255667 1179504038 1177025721 X 36550887 -14683907 1041545 X 0 1 X 1 0 X 74870679 37859475 93931536 40423859 43987025 291072574 3400000 3000000 3400000 3686996 4413206 17900202 78270679 40859475 97331536 44110855 48400231 308972776 23089180 285883596 7819378 6561365 4523853 8859569 13255046 41019211 2005664 1028466 743241 1457750 1901025 7136146 357128133 40101154 0.80050 0.81590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS RECEIPTS FROM FUNDRAISING SPECIAL EVENTS - 2018 AMOUNT: $ 557,555. 2019 AMOUNT: $ 22,535. 2020 AMOUNT: $ 6,567. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 503,603. PARKING REVENUES - 2018 AMOUNT: $ 997,660. 2019 AMOUNT: $ 742,989. 2020 AMOUNT: $ 524,813. 2021 AMOUNT: $ 1,077,876. 2022 AMOUNT: $ 1,106,876. CONCESSION FEES - 2018 AMOUNT: $ 450,449. 2019 AMOUNT: $ 262,942. 2020 AMOUNT: $ 211,861. 2021 AMOUNT: $ 379,874. 2022 AMOUNT: $ 290,546. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 179485 179485 77683625 77863110 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 113727 77664 140125 179485 511001 500000 250000 250000 250000 1250000 1875000 X X X X 0 528704141 5052070 38757784 27608933 544905062 607536734 6882489 -42157908 43557174 528704141 463466012 22306096 149145849 27381223 607536734 483824491 4303179 2750163 27411821 463466012 487334473 4751964 18877351 27139297 483824491 0.15810 0.61900 0.22290 1 0 2983347 2983347 555112101 147142441 407969660 35540231 20943683 14596548 25389719 25389719 450939274 PRIVATE EQUITY AND VENTURE CAPITAL 160037731 F GLOBAL STOCK FUNDS 120434199 F HEDGE FUNDS 84259125 F US STOCK FUNDS 60340276 F REAL ASSET FDS/MORTGAGE BACKED SEC 21563137 F GLOBAL (EXUS) EMERGING MKTS STOCK FDS 19671190 F LIMITED PARTNERSHIPS AND OTHER 464320 F 466769978 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 1177232 1177232 X 106009649 -14683907 4413206 3911880 -6358821 112368470 2045527 2045527 114413997 83101124 4413206 2870335 7283541 75817583 2045527 2045527 77863110 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, THEY ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. UNEXPENDED PROCEEDS FROM DEACCESSIONS ARE REFLECTED IN THE UNRESTRICTED NET ASSET CLASS. THEIR USE IS LIMITED, HOWEVER, BY MUSEUM PROFESSIONAL STANDARDS WHICH REQUIRE SUCH PROCEEDS BE AVAILABLE SOLELY FOR ACQUISITION OF OTHER ART OBJECTS. PART III, LINE 4: THE MUSEUM IS HOME TO OVER 250,000 OBJECTS, SPANNING THE CREATIVE ACHIEVEMENTS OF THE WESTERN WORLD SINCE THE FIRST CENTURY AD AND THOSE OF ASIA SINCE THE THIRD MILLENNIUM BC. THE EUROPEAN HOLDINGS DATE FROM THE MEDIEVAL ERA TO THE PRESENT, AND THE COLLECTION OF ARMS AND ARMOR IS THE SECOND LARGEST IN THE UNITED STATES. THE AMERICAN COLLECTIONS ARE AMONG THE FINEST IN THE COUNTRY, AS ARE THE EXPANDING COLLECTIONS OF MODERN AND CONTEMPORARY ART. IN ADDITION, THE MUSEUM HOUSES ENCYCLOPEDIC HOLDINGS OF COSTUME AND TEXTILES AS WELL AS PRINTS, DRAWINGS, AND PHOTOGRAPHS THAT ARE DISPLAYED IN ROTATION FOR REASONS OF PRESERVATION. PART V, LINE 4: THE ENDOWMENT IS USED TO MAINTAIN THE COLLECTION OF ARTWORKS AND TO ACQUIRE FUTURE WORKS OF ART THAT ENHANCE AND PROMOTE THE MISSION OF THE PHILADELPHIA MUSEUM OF ART. PART X, LINE 2: THE MUSEUM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,785,777. UNREALIZED GAINS AND LOSSES ON FHIT AND OTHER TRANSFERS 1,041,545. FUNDRAISING EVENT EXPENSES 1,084,558. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,785,777. FUNDRAISING EVENT EXPENSES 1,084,558. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 169199938 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 363653 0 0 0 0 0 0 169563591 0 169563591 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES INC 401 N MICHIGAN AVENUE SUITE 2800 CHICAGO IL 60611 CONSULTANT 0 0 160877 -160877 PENNINGTON GRAY 7 WINSTON FARM LANE FAR HILLS NJ 07931 CONSULTANT 0 0 632428 -632428 793305 -793305 PA NJ NY CT FL CA AL AK AR CO GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NM NC ND OH OK OR RI SC TN UT VA WA WV WI DC PHILADELPHIA SHOW 1270047 766444 503603 1084558 1270047 766444 503603 1084558 1084558 -580955 PART I, LINE 2B, COLUMN (V): FUNDRAISING CONSULTANT FEES ARE PAID AT A STATED RATE PER CONTRACT AND REIMBURSEMENTS FOR REASONABLE TRAVEL AND OTHER COSTS ARE PAID AS INCURRED. X X X X X 0 1 0 0 0 0 0 0 0 TIMOTHY F RUB DIRECTOR AND CEO (TERM 08/22) 544348 0 0 0 517520 0 13354 0 13368 0 1088590 0 457842 0 DEBORAH JOHNSTON CFO (TERM 12/22) 318188 0 0 0 1290 0 14875 0 26486 0 360839 0 0 0 WILLIAM PETERSEN COO (TERM 06/23) 326500 0 0 0 1980 0 14875 0 480 0 343835 0 0 0 JONATHAN L PETERSON DIR. OF DEVELOPMENT (TERM 06/23) 309276 0 0 0 1290 0 14875 0 9293 0 334734 0 0 0 ALPHONSO ATKINS DEPUTY DIR FOR DEIA 213360 0 0 0 690 0 1748 0 25869 0 241667 0 0 0 HYUNSOO WOO DEPUTY DIR FOR COLLECTIONS & EXH 204781 0 0 0 685 0 10494 0 12293 0 228253 0 0 0 JESSICA SHARPE TERM 0623 DEPUTY DIR FOR VISITOR EXPERIENCE 196112 0 0 0 690 0 10150 0 19071 0 226023 0 0 0 KATHERINE E REILLY TERM 1222 DEPUTY DIRECTOR FOR DIGITAL RESOURCE 202255 0 0 0 423 0 10210 0 10027 0 222915 0 0 0 NANCY B FINN DEPUTY DIR OF DVLPMT, IND GIVING 182323 0 0 0 363 0 7569 0 25669 0 215924 0 0 0 JANE LAWSON-BELL DIR. OF FACILITIES AND OPERATIONS 163531 0 0 0 1655 0 7765 0 29504 0 202455 0 0 0 ALBERT SUH GENERAL COUNSEL/SECRETARY 192523 0 0 0 281 0 0 0 258 0 193062 0 0 0 ALEXANDRA SVATAVA SUDA DIRECTOR AND CEO (AS OF 09/22) 164826 0 0 0 69 0 0 0 7142 0 172037 0 0 0 PART I, LINE 4B TIMOTHY RUB PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN, WHICH WAS ESTABLISHED UNDER SECTION 457(F) OF THE IRC. DUE TO MR. RUB'S RETIREMENT, AMOUNTS WERE PAID OUT IN 2022 UNDER THE AGREEMENT AND WERE INCLUDED IN COLUMN (B)(III). AMOUNTS PREVIOUSLY INCLUDED IN A PAST YEAR'S 990 COLUMN (C) ARE REFLECTED IN COLUMN (F) FOR THIS REPORTING PERIOD. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 NONEAVAIL 2022-03-01 33470000 REFUND BONDS ISSUED ON 6/16/2008 FOR THE ACQUISITION AND CONSTRUCTION OF MUS 0 0 0 B PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 NONEAVAIL 2022-03-01 77300000 REFUND BONDS ISSUED ON 4/13/2017 FOR MUSEUM RENOVATIONS/FINANCE MUSEUM EQUIP 0 0 0 A 3545000 33470000 33470000 2022 1 0 1 1 B 21500000 77300000 156245 3143755 74000000 2022 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 X 774 0 X 91 2645410 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE MUSEUM IS REPORTING THE NUMBER OF STOCK GIFTS RECEIVED RATHER THAN EACH SHARE, AND THE MARKET VALUE OF THE CONTRIBUTIONS RECEIVED. THE MUSEUM HAS REPORTED $0 RELATED TO THE CONTRIBUTION OF WORKS OF ART, AS IT DOES NOT CAPITALIZE ITS COLLECTIONS, PER ASC 958-360-25. FORM 990, PART VI, SECTION A, LINE 2 IRA BRIND AND JAMIE FIELD, BOTH TRUSTEES, HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED AND REVIEWED BY MANAGEMENT AND OUTSIDE INDEPENDENT TAX ADVISORS. THE RETURN IS MADE AVAILABLE TO ALL TRUSTEES FOR REVIEW PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND UPDATED PERIODICALLY BY THE MUSEUM'S BOARD OF TRUSTEES. THE MUSEUM'S BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. THE MUSEUM'S CONFLICT OF INTEREST POLICY REQUIRES, AMONG OTHER THINGS, THAT TRUSTEES, OFFICERS AND KEY EMPLOYEES DISCLOSE CONFLICTS AND POTENTIAL CONFLICTS AND THAT INTERESTED PARTIES NOT PARTICIPATE IN ANY VOTE TO CONSIDER A TRANSACTION THAT MIGHT CONSTITUTE A CONFLICT. ANY REPORTED CONFLICTS ARE REVEIWED AND MITIGATED BY THE MUSEUM'S GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS THE MUSEUM USES TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EMPLOYEES INCLUDES A COMPLETE REVIEW OF EXECUTIVE COMPENSATION LEVELS BY THE MUSEUM'S COMPENSATION SUBCOMMITTEE. THE REVIEW IS BASED ON A MARKET ANALYSIS PREPARED BY AN INDEPENDENT THIRD PARTY UNDER THE DIRECTION AND SUPERVISION OF THE HUMAN RESOURCES DEPARTMENT AND INTERNAL LEGAL COUNCIL. THE RESULTS ARE SHARED WITH THE COMPENSATION SUBCOMMITTEE. THE COMPENSATION SUBCOMMITTEE CONTEMPORANEOUSLY DOCUMENTS THE RESULTS OF THE DELIBERATIONS AND DECISIONS IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S PUBLIC VERSION OF FORM 990, AND THE AUDITED FINANCIAL STATEMENTS, ARE POSTED ON ITS WEBSITE. THE MUSEUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SECURITY SERVICES: PROGRAM SERVICE EXPENSES 5,814,304. MANAGEMENT AND GENERAL EXPENSES 450,471. FUNDRAISING EXPENSES 119,115. TOTAL EXPENSES 6,383,890. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 1,492,777. MANAGEMENT AND GENERAL EXPENSES 1,592,889. FUNDRAISING EXPENSES 9,205. TOTAL EXPENSES 3,094,871. FORM 990, PART XI, LINE 9: UNREALIZED GAINS AND LOSSES ON FHIT AND OTHER TRANSFERS 1,041,545. CHARITABLE REMAINDER TRUSTS - PA (2) CHARITABLE TRUST PA N/A T 1 CHARITABLE REMAINDER TRUSTS - NC (3) CHARITABLE TRUST NC N/A T 1 CHARITABLE REMAINDER TRUSTS - NY (1) CHARITABLE TRUST NY N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0