2025-05-15T13:13:05-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 2001 MARKET STREET SUITE 800 PHILADELPHIA PA 19103 990 2023-07-01 231365388 PHILADELPHIA MUSEUM OF ART PHIL 2157638100 PO BOX 7646 PHILADELPHIA PA 191017646 VALARIE MCDUFFIE CFO 2156847801 2025-05-15 1 0 ALYCIA SOLECKI P01272637 2155614200 2023 2025-03-06 01:10:19Z ALEXANDRA SVATAVA SUDA PO BOX 7646 PHILADELPHIA PA 191017646 135643134 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. CURRENTLY, 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. 58 57 447 130 -1780120 0 43987025 46842886 7765770 7964824 59501871 23711718 3159331 2548812 114413997 81068240 0 0 0 0 29456708 30366208 163971 108026 5092083 48242431 53076063 77863110 83550297 36550887 -2482057 1177025721 1202554035 100770054 96698053 1076255667 1105855982 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 44584209 0 7201315 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 FISCAL YEAR 2024, THE MUSEUM PRESENTED OVER 20 EXHIBITIONS AND COLLECTIONS INSTALLATIONS IN THE GALLERIES, INCLUDING: THE SHAPE OF TIME: KOREAN ART AFTER 1989 (OCTOBER 21, 2023-FEBRUARY 11, 2024); MARY CASSATT AT WORK (MAY 18-SEPTEMBER 8, 2024), WHICH TOURED TO THE FINE ARTS MUSEUMS OF SAN FRANCISCO; OF GOD AND COUNTRY: AMERICAN ART FROM THE JILL AND SHELDON BONOVITZ COLLECTION (MAY 19, 2023-JULY 7, 2024); GEE'S BEND QUILTS FROM THE COLLECTION (FEBRUARY 10-JULY 7, 2024); VAN GOGH'S DRAWING FOR THE POTATO EATERS IN CONTEXT (OCTOBER 27, 2023-MARCH 10, 2024); STEPHEN BURKS: SHELTER IN PLACE (NOVEMBER 19, 2023-APRIL 14, 2024); DOCUMENTARY / ANTI-GRAPHIC: A SURREALIST EYE ON PHOTOGRAPHS (JULY 29, 2023-JANUARY 17, 2024); TRANSFORMATIONS: AMERICAN PHOTOGRAPHS FROM THE 1970S (JANUARY 27-JULY 7, 2024); IN THE RIGHT PLACE: PHOTOGRAPHS BY BARBARA CRANE, MELISSA SHOOK, AND CAROL TABACK (JANUARY 27-JULY 7, 2024); JESSE KRIMES: RIKERS QUILT (MARCH 23-SEPTEMBER 15, 2024); TAKE A SEAT: UNDERSTANDING THE MODERN CHAIR (MAY 25-OCTOBER 20, 2024); DIANA SCULTORI: AN ENGRAVER IN RENAISSANCE ROME (JANUARY 27-JULY 29, 2024); SEEING WITH EMPATHY: THE FEMALE GAZE IN AMERICAN MODERNISM (JUNE 1, 2023-JULY 22, 2024); GOLDEN STATE: CALIFORNIA PRINTS FROM THE ALAN SELSOR COLLECTION (AUGUST 3,2023-JANUARY 15, 2024); STRIPPED BARE: THE ACADEMIC MALE NUDE (AUGUST 4, 2023-JANUARY 15, 2024); FLOWERS OF EVIL: SHADOWS IN THE CITY OF LIGHT (MARCH 16-NOVEMBER 10, 2024); AND METAMORPHOSIS: CELEBRATING CREATIVITY AND GROWTH (APRIL 6-NOVEMBER 30, 2024). IN THE FISCAL YEAR 2024, THE MUSEUM PUBLISHED THE SHAPE OF TIME: KOREAN ART AFTER 1989; A REVISED HANDBOOK OF THE PMA COLLECTION WITH A NEW TITLE, PHILADELPHIA MUSEUM OF ART: HIGHLIGHTS; AND MARY CASSATT AT WORK. PUBLISHING WAS ALSO INVOLVED WITH PRODUCING LE AVANGUARDIE: CAPOLAVORI DAL PHILADELPHIA MUSEUM OF ART; UPLOADED TWO ADDITIONAL OUT-OF-PRINT BOOKS TO THE YALE ART & ARCHITECTURE E-PORTAL (FOR A TOTAL OF TEN PMA BOOKS NOW ON THE PORTAL); AND DIGITIZED NEARLY FORTY BACKLIST TITLES FOCUSED ON AMERICAN ART WITH THE ULTIMATE GOAL OF MAKING THE MAJORITY OF THE BACKLIST VIEWABLE AND DOWNLOADABLE ON OUR WEBSITE. 8058750 0 64592 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 8,900 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 LEARNING AND ENGAGEMENT 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. 11385708 0 1625988 AUXILIARY ACTIVITIES AND PUBLIC RELATIONS(SEE SCHEDULE O FOR ADDITIONAL INFORMATION)THE MUSEUM CONTINUES TO BROADEN ITS REACH THROUGH PARTNERSHIPS AND COLLABORATIONS.DURING THE FISCAL YEAR ENDING JUNE 30, 2024, THE MUSEUM WELCOMED 649,204 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. 64028667 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 1 241 0 1 447 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 58 57 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 ALEXANDRA SVATAVA SUDA DIRECTOR AND CEO 35.00 0.00 X X 728945 0 30306 ELLEN T CAPLAN CHAIR 1.00 0.00 X X 0 0 0 OSAGIE O IMASOGIE VICE CHAIR 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 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 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 CYNTHIA JOHNSON 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 MAXINE LEWIS TRUSTEE 1.00 0.00 X 0 0 0 SUEYUN LOCKS TRUSTEE 1.00 0.00 X 0 0 0 ELINOR MARRAZZO TRUSTEE 1.00 0.00 X 0 0 0 JOHN J MEDVECKIS TRUSTEE 1.00 0.00 X 0 0 0 LESLIE A MILLER TRUSTEE/ CHAIR EMERITA 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 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 JAY SHAH 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 CONSTANCE H WILLIAMS TRUSTEE CHAIR EMERITA 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 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 CHERELLE PARKER TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 KENYATTA JOHNSON TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 LAWRENCE SPITZ TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 VICTORIA MCNEIL LE VINE TRUSTEE (TERM END OCT 2023) 1.00 0.00 X 0 0 0 MICHAEL K PEARSON TRUSTEE (TERM END JAN 2024) 1.00 0.00 X 0 0 0 JAMES F KENNEY TRUSTEE EX OFFICIO (TERM END JAN 2024) 1.00 0.00 X 0 0 0 DARELL L CLARKE TRUSTEE EX OFFICIO (TERM END JAN 2024) 1.00 0.00 X 0 0 0 VALARIE MCDUFFIE CFO 35.00 0.00 X 157555 0 15272 ALBERT SUH TERM 1023 GENERAL COUNSEL/SECRETARY 35.00 0.00 X 242672 0 12507 REBECCA YITUNG WUI GENERAL COUNSEL (AS OF 02/24) 35.00 0.00 X 0 0 0 NANCY B FINN DEPUTY DIR OF DVLPMT, IND GIVING 35.00 0.00 X 254523 0 33478 ALPHONSO ATKINS DEPUTY DIR FOR DEIA (TERM 06/24) 35.00 0.00 X 225215 0 32631 HYUNSOO WOO DEPUTY DIR FOR COLLECTIONS & EXH 35.00 0.00 X 213569 0 25612 CARLOS BASUALDO DEPUTY DIRECTOR AND CHIEF CURATOR 35.00 0.00 X 281348 0 15099 KARLEEN GARDNER DEPUTY DIR. FOR LEARNING AND ENGMT. 35.00 0.00 X 209283 0 8179 WILLIAM PETERSEN FORMER COO (TERM 06/23) 0.00 0.00 X 220552 0 11247 JONATHAN L PETERSON FORMER DIR. OF DVLPMT. (TERM 06/23) 0.00 0.00 X 522912 0 27667 JESSICA SHARPE TERM 0623 FORMER DEPUTY DIR FOR VISITOR EXP. 0.00 0.00 X 225388 0 16314 3281962 0 228312 54 1 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 4906072 LF DRISCOLL COMPANY LLC 9 PRESIDENTIAL BOULEVARD BALA CYNWYD PA 19004 CONSTRUCTION 2416333 LIMBACH 175 TITUS AVENUE SUITE 100 WARRINGTON PA 18976 CONSTRUCTION 762887 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 022412015 INVESTMENT CONSULTING 601622 PENNINGTON GRAY LLC 7 WINSTON FARM LANE FAR HILLS NJ 07931 FUNDRAISING CONSULTING 530519 10 4288009 778523 6309500 35466854 5996071 46842886 ADMISSIONS 900099 6466984 6466984 EXHIBITION REVENUES 900099 616409 616409 PUBLICATION DISTRIBUTION 900099 117922 117922 EDUCATION PROGRAMS 611710 64592 64592 698917 698917 7964824 4742754 -1937079 6679833 57282 57282 1021294 626058 395236 395236 395236 68963912 1046671 51041619 0 17922293 1046671 18968964 18968964 497059 778523 1079351 -582292 -582292 2911894 1827866 1084028 927069 156959 GUEST & EMPLOYEE PARKING 900099 1220560 1220560 CONCESSION FEES 900099 373998 373998 1594558 81068240 8891893 -1780120 27113581 X 1955468 638479 738279 578710 647455 27989 251901 367565 22291720 17174840 3229850 1887030 800605 568179 142196 90230 2820272 2008858 492395 319019 1850688 1313409 328702 208577 2298814 4359 2294455 195025 195025 220000 220000 108026 108026 1005467 1005467 8418992 6234105 1924281 260606 1374098 1350518 17382 6198 1462890 1318289 96677 47924 619962 359051 90960 169951 18044 18044 5167584 4276458 759328 131798 765367 615823 103760 45784 2120710 1929746 141748 49216 15799749 14377021 1056056 366672 1471015 637344 832685 986 ACQUISITIONS 3733747 3733747 SPECIAL EXHIBITIONS 3111129 3111129 5293470 4331279 508400 453791 83550297 64028667 14429547 5092083 95894645 95908306 67897812 62025540 788241 1855383 1223446 605342 1293576 881054 624203036 183885873 450939274 440317163 78135084 75861731 466769978 510234263 14083665 14865253 1177025721 1202554035 12500165 12584267 1631126 1124308 85461531 81860446 1177232 1129032 100770054 96698053 X 453627352 445278867 622628315 660577115 1076255667 1105855982 1177025721 1202554035 X -2482057 30681605 1400767 X 0 1 X 1 0 X 37859475 93931536 40423859 43987025 46842887 263044782 3000000 3400000 3686996 4413206 3901657 18401859 40859475 97331536 44110855 48400231 50744544 281446641 18972353 262474288 6561365 4523853 8859569 13255046 7758409 40958242 1028466 743241 1457750 1901025 2091617 7222099 329626982 41399693 0.79630 0.80050 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS RECEIPTS FROM FUNDRAISING SPECIAL EVENTS - 2019 AMOUNT: $ 22,535. 2020 AMOUNT: $ 6,567. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 503,603. 2023 AMOUNT: $ 497,059. PARKING REVENUES - 2019 AMOUNT: $ 742,989. 2020 AMOUNT: $ 524,813. 2021 AMOUNT: $ 1,077,876. 2022 AMOUNT: $ 1,106,876. 2023 AMOUNT: $ 1,220,560. CONCESSION FEES - 2019 AMOUNT: $ 262,942. 2020 AMOUNT: $ 211,861. 2021 AMOUNT: $ 379,874. 2022 AMOUNT: $ 290,546. 2023 AMOUNT: $ 373,998. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 220000 220000 83330297 83550297 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 77664 140125 179485 220000 617274 250000 250000 250000 250000 1000000 1500000 X X X X 0 544905062 19655221 50002692 28466981 586095994 528704141 5052070 38757784 27608933 544905062 607536734 6882489 -42157908 43557174 528704141 463466012 22306096 149145849 27381223 607536734 483824491 4303179 2750163 27411821 463466012 0.16000 0.60000 0.24000 1 0 2983347 2983347 555870529 160166390 395704139 35735495 23719483 12016012 29613665 29613665 440317163 PRIVATE EQUITY AND VENTURE CAPITAL 166047736 F GLOBAL STOCK FUNDS 126390734 F HEDGE FUNDS 98345669 F US STOCK FUNDS 76502930 F REAL ASSET FDS/MORTGAGE BACKED SEC 22197180 F GLOBAL (EXUS) EMERGING MKTS STOCK FDS 20285950 F LIMITED PARTNERSHIPS AND OTHER 464064 F 510234263 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 1129032 1129032 X 115220271 30681605 3901657 4307983 38891245 76329026 1005467 3733747 4739214 81068240 85619956 3901657 2907216 6808873 78811083 1005467 3733747 4739214 83550297 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN 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 1,827,866. FUNDRAISING EVENT EXPENSES 1,079,350. UNREALIZED GAINS AND LOSSES ON FHIT AND OTHER TRANSFERS 1,400,767. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACQUISITIONS OF ART OBJECTS 3,733,747. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,827,866. FUNDRAISING EVENT EXPENSES 1,079,350. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACQUISITIONS OF ART OBJECTS 3,733,747. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 200553466 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 768490 0 0 0 0 0 0 201321956 0 201321956 1 0 1 1 1 0 X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES INC 550 W VAN BUREN STREET 1700 CHICAGO IL 60607 CONSULTANT 0 0 30428 -30428 PENNINGTON GRAY 7 WINSTON FARM LANE FAR HILLS NJ 07931 CONSULTANT 0 0 652167 -652167 682595 -682595 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 1275582 778523 497059 745690 90365 154 243142 1275582 778523 497059 745690 90365 154 243142 1079351 -582292 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 1 0 0 0 0 0 0 0 0 ALEXANDRA SVATAVA SUDA DIRECTOR AND CEO 728645 0 0 0 300 0 2665 0 27641 0 759251 0 0 0 JONATHAN L PETERSON FORMER DIR. OF DVLPMT. (TERM 06/23) 291987 0 0 0 230925 0 14862 0 12805 0 550579 0 0 0 CARLOS BASUALDO DEPUTY DIRECTOR AND CHIEF CURATOR 280058 0 0 0 1290 0 14055 0 1044 0 296447 0 0 0 NANCY B FINN DEPUTY DIR OF DVLPMT, IND GIVING 254073 0 0 0 450 0 10437 0 23041 0 288001 0 0 0 ALPHONSO ATKINS DEPUTY DIR FOR DEIA (TERM 06/24) 224525 0 0 0 690 0 7858 0 24773 0 257846 0 0 0 ALBERT SUH TERM 1023 GENERAL COUNSEL/SECRETARY 242418 0 0 0 254 0 12139 0 368 0 255179 0 0 0 JESSICA SHARPE TERM 0623 FORMER DEPUTY DIR FOR VISITOR EXP. 118926 0 0 0 106462 0 6548 0 9766 0 241702 0 0 0 HYUNSOO WOO DEPUTY DIR FOR COLLECTIONS & EXH 212879 0 0 0 690 0 11022 0 14590 0 239181 0 0 0 WILLIAM PETERSEN FORMER COO (TERM 06/23) 219486 0 0 0 1066 0 10987 0 260 0 231799 0 0 0 KARLEEN GARDNER DEPUTY DIR. FOR LEARNING AND ENGMT. 207993 0 0 0 1290 0 7699 0 480 0 217462 0 0 0 VALARIE MCDUFFIE CFO 157313 0 0 0 242 0 0 0 15272 0 172827 0 0 0 PART I, LINE 4A: FORMER DIRECTOR OF DEVELOPMENT, JONATHAN L. PETERSON AND FORMER DEPUTY DIRECTOR OF VISITOR EXPERIENCE, JESSICA SHARPE RECEIVED A SEVERANCE PAYMENT OF $230,925 AND $106,090 RESPECTIVELY IN CALENDAR YEAR 2023. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III). 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 33470000 33470000 2022 1 0 1 1 B 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 0 1 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT (F) DESCRIPTION OF PURPOSE: REFUND BONDS ISSUED ON 6/16/2008 FOR THE ACQUISITION AND CONSTRUCTION OF MUSEUM CAPITAL PROJECTS TO INCLUDE REFINANCE OF PREVIOUS TAX EXEMPT BONDS. (A) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT (F) DESCRIPTION OF PURPOSE: REFUND BONDS ISSUED ON 4/13/2017 FOR MUSEUM RENOVATIONS/FINANCE MUSEUM EQUIPMENT ART HANDLING FACILITIES TO INCLUDE REFINANCE OF PREVIOUS TAX EXEMPT BONDS. X 1080 0 X 121 5996071 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 AUDIT 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 COUNSEL. 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 OTHER FEES: PROGRAM SERVICE EXPENSES 6,234,105. MANAGEMENT AND GENERAL EXPENSES 1,924,281. FUNDRAISING EXPENSES 260,606. TOTAL EXPENSES 8,418,992. FORM 990, PART XI, LINE 9: UNREALIZED GAINS AND LOSSES ON FHIT AND OTHER TRANSFERS 1,400,767. CHARITABLE REMAINDER TRUSTS - PA (1) CHARITABLE TRUST PA PMA T 1 CHARITABLE REMAINDER TRUSTS - PA(1) CHARITABLE TRUST PA N/A T 0 CHARITABLE REMAINDER TRUSTS - NC (3) CHARITABLE TRUST NY N/A T 0 CHARITABLE REMAINDER TRUSTS - NY (1) CHARITABLE TRUST NY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0