2023-05-12T11:52:10-05:00 2022-06-30 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2021-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 CATHERINE VANDENABEELE CFO 6173693281 2022-11-15 1 CATHERINE VANDENABEELE XXX-XX-XXXX GISO JOSEPH P00030126 7819143400 2023-05-02 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CATHERINE VANDENABEELE 465 HUNTINGTON AVENUE BOSTON MA 02115 457687146 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. 43 43 747 675 2303108 1907745 62410288 60830658 7623226 11164384 51347531 56054263 15676860 20214134 137057905 148263439 0 0 0 0 46183116 41310387 0 0 4196429 82009913 93185976 128193029 134496363 8864876 13767076 1431187770 1324479765 159214226 150288058 1271973544 1174191707 X SEE SCHEDULE O. 0 0 20489457 1822736 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. 26917782 2003594 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 2022, THE MUSEUM PRESENTED 18 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: NEW LIGHT: ENCOUNTERS AND CONNECTIONS; PAPER STORIES, LAYERED DREAMS; FABRIC OF NATION; HELINA METAFERUCA: GENERATIONS; TATTOOS IN JAPANESE PRINTS; FROM PARIS TO HOLLYWOOD: CLAUDETTE COLBERT'S STARFISH BROOCH; DAWOUD BEY: BIGHT COMING TENDERLY; REAL PHOTO POSTCARDS: PICTURES FROM A CHANGING NATION; WENG FAMILY COLLECTION OF CHINESE PAINTING: ART ROCKS; TURNER'S MODERN WORLD; PHILIP GUSTON NOW; STORIES ARTISTS TELL: ART OF THE AMERICAS, THE 20TH CENTURY; TOUCHING ROOTS: BLACK ANCESTRAL LEGACIES IN THE AMERICAS; COMMUNITY ARTS INITIATIVE: EMPOWERED FACES; THE BANNER PROJECT: DIEDRICK BRACKENS; INCOMPARABLE IMPRESSIONISM FROM THE MFA AT MFA HOUSTON; THE HEROES CHRONICLES OF THE WARRIORS: JAPANESE SWORDS X UKIYO-E AT MORI ARTS CENTER GALLERY IN TOKYO, JAPAN AND THE NIIGATA BANDAIJIMA ART MUSEUM IN NIIGATA, JAPAN. 1646708 1538889 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. 42370852 OPERATING SUPPORT:OPERATING 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. 961721 3312931 PARKING FACILITIES:THE 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. 625861 2422403 FOOD SERVICES:THE 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. 2685669 7338054 MEMBERSHIP & VISITORS:OVER 632,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2022. DURING THE FISCAL YEAR 2022, THERE WERE SEVERAL COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE WAIVED. THE MUSEUM HAS OVER 40,000 ACTIVE MEMBER HOUSEHOLDS. THERE ARE 3 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. 2144685 6984582 OTHER MISC. PROGRAM SERVICES 48788788 20057970 97842735 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 1 181 0 1 747 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 43 43 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 X MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 40.00 X 1055830 0 41937 MARK KERWIN CFO, DEPUTY DIRECTOR 40.00 X 427548 0 48566 CAMERAN MASON CHIEF EXTERNAL RELATIONS 40.00 X 387758 0 45336 MAKEEBA MCCREARY -FORMER CHIEF OF LEARNING AND COMM 40.00 X 363642 0 11113 CYNTHIA S GLOTT SR. DIR. OF EXT. RELATIONS 40.00 X 258498 0 18542 JOHN TOULMIN DIR. OF TREASURY MANAGEMENT 40.00 X 239614 0 30668 THOMAS CATALINI SR. DIR. OF INFORMATION 40.00 X 207078 0 38359 JANE O'REILLY-CORCORAN DIR. OF HUMAN RESOURCES 40.00 X 199150 0 37812 DEBRA LAKIND DIR. OF BUSINESS DEVELOPMENT 40.00 X 190882 0 38985 EDWARD SAYWELL CHAIR OF PRINTS AND DRAWINGS 40.00 X 193577 0 32684 CHRISTINA YU YU CHIEF OF CURATORIAL AND CONSERVATION 40.00 X 177464 0 36138 CHRISTOPHER FOX DIR. OF TREASURY MANAGEMENT 40.00 X 143719 0 32649 KATHRYN GUNSCH DIR. OF COLLECTIONS 40.00 X 150760 0 13679 KRISTIN V FERGUSON CHIEF OF STAFF 40.00 X 76177 0 10322 ERIC WOODS CHIEF OPERATING OFFICER (SEE SCH O) 40.00 X 0 0 0 CATHY E MINEHAN ELECTED TRUSTEE - CHAIR 1.00 X X 0 0 0 EDWARD GREENE ELECTED TRUSTEE - PRESIDENT 1.00 X X 0 0 0 SUSAN B WEATHERBIE ELECTED TRUSTEE - TREASURER 1.00 X X 0 0 0 PAUL G ALEXANDER ELECTED TRUSTEE 1.00 X 0 0 0 AZADEH DJAZANI ELECTED TRUSTEE - CHAIR ADVISORS 1.00 X 0 0 0 JILL AVERY ELECTED TRUSTEE 1.00 X 0 0 0 MICHELE COURTON BROWN ELECTED TRUSTEE 1.00 X 0 0 0 KEVIN T CALLAGHAN 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 P ANDREWS MCLANE ELECTED TRUSTEE 1.00 X 0 0 0 ROBERT NAGLE ELECTED TRUSTEE 1.00 X 0 0 0 CAROL A NOBLE ELECTED TRUSTEE 1.00 X 0 0 0 SAMUEL PLIMPTON ELECTED TRUSTEE 1.00 X 0 0 0 MARC S PLONSKIER 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 LISBETH TARLOW VICE PRESIDENT 1.00 X 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 PUBLIC LIBRARY 1.00 X 0 0 0 BRENDA CASSELLIUS APPOINTED TRUSTEE - BOSTON PUBLIC SCHOOL 1.00 X 0 0 0 TARUN KHANNA APPOINTED TRUSTEE - HARVARD UNIVERSITY 1.00 X 0 0 0 MICHELLE WU APPOINTED TRUSTEE - CITY OF BOSTON 1.00 X 0 0 0 SUSAN O'BRIEN APPOINTED TRUSTEE - MFA ASSOCIATES 1.00 X 0 0 0 CHRISTINE REIF APPOINTED TRUSTEE - MIT 1.00 X 0 0 0 JAMES M GLASER APPOINTED TRUSTEE - TUFTS 1.00 X 0 0 0 4071697 0 436790 87 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 19428 SECURITY 910619 23 6789676 160770 10060000 43820212 13077342 60830658 ADMISSION 713990 7338054 7338054 EXHIBITION 713990 2003594 2003594 EDUCATION PROGRAM REVENUE 611710 1822736 1822736 11164384 1843992 920558 923434 7427486 1945079 5482407 5482407 5482407 347333028 12694949 305817706 0 41515322 12694949 54210271 965798 53244473 106574 160770 50404 56170 56170 3194909 1610518 1584391 1538889 45502 OTHER ANCILLARY SERVICES 900099 6984582 6984582 PARKING 812930 3684181 3312931 371250 RESTAURANT FOOD SERVICES 722511 2422403 2422403 13091166 148263439 25423189 2303108 59706484 4055998 817043 2717404 521551 28412590 21247307 4689337 2475946 1991398 1359726 449064 182608 4312424 3502157 517476 292791 2537977 1732929 572319 232729 1486185 1486185 1277430 546 1276884 311003 18800 292203 9167546 810488 8311537 45521 2192243 796544 1393875 1824 1916834 1873634 43200 1773102 1444982 254353 73767 1499423 134457 1359181 5785 4999029 4721946 277083 397331 249100 125607 22624 4336405 3455453 880952 20659769 20380123 272040 7606 1388233 550248 837985 UBIT TAX - FEDERAL 25000 25000 PURCHASE WORKS OF ART 20256586 20255086 1500 EQUIPMENT AND RENTAL 7543483 6985680 549008 8795 PLEDGE RECEIVABLE WRITE 5615448 5615448 8340926 6020301 1995743 324882 134496363 97842735 32457199 4196429 17713636 18868947 75299205 75665387 79328499 67057796 790002 1162754 1499585 1560766 1579060 1262861 668833125 381135556 307286998 287697569 577417972 524805050 358730207 335197821 11542606 11200814 1431187770 1324479765 22361059 24442257 2738456 3278218 99752678 99832384 945816 145708 33416217 22589491 159214226 150288058 X 140014951 167116678 1131958593 1007075029 1271973544 1174191707 1431187770 1324479765 X 13767076 -121104443 60700 -480957 9975787 X X 0 1 X 1 0 X 60380198 92323768 140040884 62410288 60830658 415985796 60380198 92323768 140040884 62410288 60830658 415985796 31887160 384098636 6739352 10105493 11684877 13391779 9271478 51192979 532679 12667 758809 0 1907745 3211900 470390675 102001213 0.81660 0.81140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 792806414 47501355 -116316549 14360849 6242668 703387703 616774648 27970520 173481226 13312406 12107574 792806414 633904445 13135921 -12460134 11942881 5862703 616774648 644748807 9451715 -4406867 11030467 4858743 633904445 618211727 9964608 32410261 9884854 5952935 644748807 0.08220 0.44930 0.46850 1 0 20202153 20202153 580222590 324901861 255320729 65413806 56233695 9180111 2994576 2994576 287697569 311836000 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 23361821 F 335197821 LINE OF CREDIT 685807 ASSET RETIREMENT OBLIGATION 8704214 LIABILITY -INTEREST RATE SWAP 11571008 OTHER LIABILITIES -DEFERRED SAVINGS PLAN 1628462 22589491 X 32322138 -121104443 60700 13581788 -107461955 139784093 7998388 480958 8479346 148263439 130103975 3606000 3606000 126497975 7998388 7998388 134496363 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 ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE MUSEUM HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,052,720. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 11,028,507. COST OF SALES - MERCHANDISING OPERATIONS 1,610,518. RENTAL EXPENSES -DEPRECIATION 1,945,079. DIRECT EVENT EXPENSES 50,404. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISC ADJUSTMENT 480,958. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MERCHANDISING OPERATIONS 1,610,517. RENTAL EXPENSES -DEPRECIATION 1,945,079. DIRECT EVENT EXPENSES 50,404. 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 236958321 0 0 0 0 0 0 236958321 0 236958321 1 0 1 1 1 0 PART III ACCOUNTING METHOD: ART IN BLOOM 267344 160770 106574 50404 267344 160770 106574 50404 50404 56170 X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 885024 0 106000 0 64806 0 23200 0 18737 0 1097767 0 0 0 MARK KERWIN CFO, DEPUTY DIRECTOR 426548 0 1000 0 0 0 26100 0 22466 0 476114 0 0 0 CAMERAN MASON CHIEF EXTERNAL RELATIONS 386758 0 1000 0 0 0 23200 0 22136 0 433094 0 0 0 MAKEEBA MCCREARY -FORMER CHIEF OF LEARNING AND COMM 192439 0 0 0 171203 0 0 0 11113 0 374755 0 0 0 CYNTHIA S GLOTT SR. DIR. OF EXT. RELATIONS 34157 0 0 0 224341 0 3074 0 15468 0 277040 0 0 0 JOHN TOULMIN DIR. OF TREASURY MANAGEMENT 157287 0 0 0 82327 0 14393 0 16275 0 270282 0 0 0 THOMAS CATALINI SR. DIR. OF INFORMATION 206078 0 1000 0 0 0 17131 0 21228 0 245437 0 0 0 JANE O'REILLY-CORCORAN DIR. OF HUMAN RESOURCES 198150 0 1000 0 0 0 16637 0 21175 0 236962 0 0 0 DEBRA LAKIND DIR. OF BUSINESS DEVELOPMENT 189882 0 1000 0 0 0 17640 0 21345 0 229867 0 0 0 EDWARD SAYWELL CHAIR OF PRINTS AND DRAWINGS 192577 0 1000 0 0 0 15800 0 16884 0 226261 0 0 0 CHRISTINA YU YU CHIEF OF CURATORIAL AND CONSERVATION 176464 0 1000 0 0 0 15104 0 21034 0 213602 0 0 0 CHRISTOPHER FOX DIR. OF TREASURY MANAGEMENT 142719 0 1000 0 0 0 11870 0 20779 0 176368 0 0 0 KATHRYN GUNSCH DIR. OF COLLECTIONS 149760 0 1000 0 0 0 12080 0 1599 0 164439 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 $598 AND CERTAIN ATTORNEY FEES OF $14,208 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 INCLUDED IN OTHER REPORTABLE COMPENSATION IS CERTAIN PAYMENTS OF $170,000 MADE TO MAKEEBA MCCREARY, A FORMER OFFICER, UNDER AN AGREEMENT ENTERED INTO IN NOVEMBER 2021. PAYMENTS UNDER A VOLUNTARY EARLY RETIREMENT PROGRAM WERE PAID TO THE BELOW INDIVIDUALS AND INCLUDED IN FORM W-2 FOR THE CALENDAR YEAR ENDED 12/31/21. - C. GLOTT $224,341 - J. TOULMIN $82,327 INCLUDED IN FORM 990, PAGE 7, PART VII, IS COMPENSATION APPROXIMATING ONE YEAR OF SALARY AND BENEFITS PAID TO THE FORMER CHIEF FINANCIAL OFFICER, WHO LEFT THE MUSEUM IN FEBRUARY 2022 AFTER TWENTY TWO YEARS OF SERVICE. THE AMOUNTS ARE NOT REPORTED ON THIS YEAR'S SCHEDULE J BUT WILL BE INCLUDED IN TAX YEAR 2022 PER IRS INSTRUCTIONS. PART I, LINE 7 NON-FIXED AND DISCRETIONARY BONUSES WERE PAID TO THE FOLLOWING DURING CALENDAR YEAR 2021: MATTHEW TEITELBAUM $106,000 MARK KERWIN $1,000 CAMERAN MASON $1,000 THOMAS CATALINI $1,000 JANE O'REILLY CORCORAN $1,000 DEBRA LAKIND $1,000 EDWARD SAYWELL $1,000 CHRISTINA YUYU $1,000 CHRISTOPHER FOX $1,000 KRISTIN FERGUSON $250 KATHRYN GUNSCH $1,000 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 85000000 183867105 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 FORM 990, SCHEUDLE K, PART II, LINE 3 - TOTAL GROSS PROCEEDS OF ISSUE THE TOTAL PROCEEDS ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E) DUE TO ISSUANCE COSTS ON LINE 7. 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, 2021 THROUGH JUNE 30, 2022. THE OVERALL MEASUREMENT PERIOD FOR THE PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. X 90 NOT RECORDED PER F/S X 77 13077342 FAIR MARKET VALUE 19 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 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 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 ORGANIZATIONS, 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 VII-A: ERIC WOODS, CHIEF OPERATING OFFICER, JOINED THE ORGANIZATION IN CALENDAR YEAR 2022. HE DID NOT RECEIVE ANY COMPENSATION IN 2021. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,052,720. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 11,028,507. 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