2022-05-11T08:49:18-05:00 2021-06-30 203985546 JOHNSON OCONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2020-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693875 465 HUNTINGTON AVENUE BOSTON MA 02115 LEAH SULLIVAN CONTROLLER/CO-INTERIM CFO 6173693875 2022-05-15 1 LEAH SULLIVAN XXX-XX-XXXX GISO JOSEPH P00030126 7819143400 2022-05-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LEAH SULLIVAN 465 HUNTINGTON AVENUE BOSTON MA 02115 673767949 0 X WWW.MFA.ORG X 1870 MA SEE SCHEDULE O. 43 43 847 1200 -464824 0 139956913 62410288 7804365 7623226 12917881 51347531 14391640 15676860 175070799 137057905 0 0 0 0 49177998 46183116 0 0 4078138 73244277 82009913 122422275 128193029 52648524 8864876 1234619782 1431187770 172280618 159214226 1062339164 1271973544 X SEE SCHEDULE O. 0 0 19549403 1406227 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. 22271081 3867730 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 2021, THE MUSEUM PRESENTED 20 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: THE MURAL PROJECT; MURALS FOR THE MOVEMENT; WRITING THE FUTURE: BASQUIAT AND THE HIP-HOP GENERATION; CEZANNE: IN AND OUT OF TIME; COMMUNITY ARTS INITIATIVE: EXCHANGE CODES; MONET AND BOSTON: LASTING IMPRESSION; COLLECTING STORIES: THE INVENTION OF FOLK ART; PAUL CEZANNE: INFLUENCE; WENG FAMILY COLLECTION OF CHINESE PAINTING: TRAVEL AND HOME; RESIST COVID/TAKE 6!; MONET AND BOSTON: LEGACY ILLUMINATED; COMMUNITY ARTS INITIATIVE: PATTERNS OF GREATNESS; THE BANNER PROJECT: LAUREN HALSEY; SAMANTHA NYE: MY HEART'S IN A WHIRL; GARDEN FOR BOSTON; GRACIELA ITURBIDE'S MEXICO AT NATIONAL MUSEUM OF WOMEN IN THE ARTS WASHINGTON DC; ANSEL ADAMS IN OUR TIME AT CRYSTAL BRIDGES MUSEUM OF AMERICAN ART BENTONVILLE, ARKANSAS; NUBIA: TREASURES OF ANCIENT AFRICA AT SAINT LOUIS ART MUSEUM SAINT LOUIS, MISSOURI; ANSEL ADAMS IN OUR TIME AT PORTLAND ART MUSEUM PORTLAND, OREGON; FRENCH IMPRESSIONISM AT NATIONAL GALLERY OF VICTORIA MELBOURNE, AUSTRALIA. 1277185 886174 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. 39486231 0 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. 571058 1205837 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. 81290 0 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. ALL EATING FACILITIES WERE CLOSED DURING FY21, DUE TO COVID. 2556456 2349269 MEMBERSHIP & VISITORS:OVER 201,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2021. DURING THE FISCAL YEAR 2021, THERE WERE MORE THAN FIVE COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE WAIVED, AND THE MUSEUM HAS FREE ADMISSION "PAY AS YOU WISH" PERIODS EACH WEDNESDAY EVENING. THE MUSEUM HAS OVER 35,000 ACTIVE MEMBER HOUSEHOLDS. THERE ARE 8 LEVELS OF ANNUAL MEMBERSHIP WITH FEES RANGING FROM $75 TO $3,000. 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. 1380637 8291344 OTHER MISC. PROGRAM SERVICES 44075672 11846450 87173341 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 1 233 0 1 847 1 1 1 0 0 0 0 1 1 0 0 0 0 0 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 LEAH SULLIVAN CPA CONTROLLERCO-INTERIM CFO 6173693875 465 HUNTINGTON AVENUE BOSTON MA 02115 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 40.00 X 698232 0 41537 KATHERINE GETCHELL - FORMER CHIEF BRAND OFFICER, DEPUT 40.00 X 469310 0 27008 MARK KERWIN CFO, DEPUTY DIRECTOR, AND 40.00 X 388268 0 48116 CAMERAN MASON CHIEF DEVELOPMENT OFFICER 40.00 X 351816 0 44922 DAVID BLACKMAN DIRECTOR OF DEVELOPMENT 40.00 X 241007 0 23603 CYNTHIA S GLOTT SR. DIRECTOR, EXT. RELATIO 40.00 X 223669 0 37169 DAWN E GRIFFIN SR. DIRECTOR, COMMUNICATIO 40.00 X 231579 0 22898 PATRICIA L LYDEN DIRECTOR OF PLANNING & ANA 40.00 X 231306 0 22356 KRISTIN V FERGUSON CHIEF OF STAFF 40.00 X 214411 0 34538 MAKEEBA MCCREARY CHIEF OF LEARNING AND COMM 40.00 X 229478 0 17058 THOMAS CATALINI SR. DIRECTOR OF INFORMATIO 40.00 X 204590 0 38307 JOHN TOULMIN DIRECTOR OF TREASURY MANAG 40.00 X 199544 0 37509 KATHRYN GUNSCH DIR. OF COLLECTIONS; TEEL CURATOR AFRICAN/OCEANIC 40.00 X 135952 0 12965 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 SAMUEL PLIMPTON ELECTED TRUSTEE - TREASURER 1.00 X X 0 0 0 RONALD M DRUKER ELECTED TRUSTEE 1.00 X 0 0 0 BARBARA HOSTETTER ELECTED TRUSTEE 1.00 X 0 0 0 CLARISSA C HUNNEWELL ELECTED TRUSTEE 1.00 X 0 0 0 CARL J MARTIGNETTI ELECTED TRUSTEE 1.00 X 0 0 0 TIMOTHY PHILLIPS ELECTED TRUSTEE 1.00 X 0 0 0 MARC S PLONSKIER ELECTED TRUSTEE 1.00 X 0 0 0 THERESA M STONE ELECTED TRUSTEE 1.00 X 0 0 0 KEVIN T CALLAGHAN ELECTED TRUSTEE 1.00 X 0 0 0 HOWARD COX ELECTED TRUSTEE 1.00 X 0 0 0 DAVID D CROLL ELECTED TRUSTEE 1.00 X 0 0 0 AZI DJAZANI ELECTED TRUSTEE 1.00 X 0 0 0 ABIGAIL ROSS GOODMAN ELECTED TRUSTEE 1.00 X 0 0 0 YUCHUN LEE ELECTED TRUSTEE 1.00 X 0 0 0 P ANDREWS MCLANE ELECTED TRUSTEE 1.00 X 0 0 0 CAROL A NOBLE ELECTED TRUSTEE 1.00 X 0 0 0 AMY POORVU ELECTED TRUSTEE 1.00 X 0 0 0 LISBETH TARLOW ELECTED TRUSTEE 1.00 X 0 0 0 ROBERTA WEINER ELECTED TRUSTEE 1.00 X 0 0 0 PAUL G ALEXANDER ELECTED TRUSTEE 1.00 X 0 0 0 DAVID C HOWSE 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 SUSAN B WEATHERBIE ELECTED TRUSTEE 1.00 X 0 0 0 XIAOHUA ZHANG ELECTED TRUSTEE 1.00 X 0 0 0 MONICA CHANDRA ELECTED TRUSTEE 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 PETER CREIGHTON ELECTED TRUSTEE 1.00 X 0 0 0 THOMAS AJ FRANK ELECTED TRUSTEE 1.00 X 0 0 0 LIZBETH KRUPP ELECTED TRUSTEE 1.00 X 0 0 0 ROBERT NAGLE ELECTED TRUSTEE 1.00 X 0 0 0 EMI M WINTERER ELECTED TRUSTEE 1.00 X 0 0 0 DEBORAH BORNHEIMER APPOINTED TRUSTEE - BOSTON ATHENAEUM 1.00 X 0 0 0 ROBERT E GALLERY APPOINTED TRUSTEE - BOSTON PUBLIC LIBRARY 1.00 X 0 0 0 BRENDA CASSELLIUS APPOINTED TRUSTEE - BOSTON PUBLIC SCHOOLS 1.00 X 0 0 0 TARUN KHANNA APPOINTED TRUSTEE - HARVARD 1.00 X 0 0 0 MARTIN J WALSH APPOINTED TRUSTEE - CITY OF BOSTON 1.00 X 0 0 0 DORENE MCCOURT 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 UNIVERSITY 1.00 X 0 0 0 3819162 0 407986 89 1 1 0 SHAWMUT WOODWORKING 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION 6801851 CONSIGLI CONSTRUCTION CO INC 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 2955399 US ART COMPANY 78 PACELLA PARK DR RANDOLPH MA 02368 ART SHIPPING AND STORAGE 1619609 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 INVESTMENT MANAGEMENT 996490 FOLEY HOAG LLP 155 SEAPORT BLVD 1600 BOSTON MA 02210 LEGAL 826833 63 5523628 138600 160000 56588060 13858621 62410288 EXHIBITION 713990 3867730 3867730 ADMISSION 713990 2349269 2349269 EDUCATION PROGRAM REVENUE 611710 1406227 1406227 7623226 6165745 -286922 6452667 7226034 1945079 5280955 5280955 5280955 579325804 534144018 45181786 45181786 -172277 45354063 26348 138600 8173 18175 18175 1493323 612774 880549 886174 -5625 OTHER ANCILLARY SERVICES 900099 8291344 8291344 PARKING 812930 1205837 1205837 9497181 137057905 18006581 -464824 57105860 2789644 772611 1639994 377039 32484068 19686894 10158968 2638206 2014352 1168367 673795 172190 4992849 2889333 1892782 210734 3902203 2263361 1305276 333566 923094 923094 547091 547091 305815 18667 287148 12923542 523726 12349416 50400 2102287 501443 1550345 50499 1330010 1247731 82279 1527285 1172532 288716 66037 1089931 110051 975146 4734 4965421 4599757 365664 184256 93119 83085 8052 4325081 3446429 878652 20145661 19648150 483595 13916 1325296 533889 791407 UBIT TAX - FEDERAL 159160 159160 PURCHASE WORKS OF ART 18196181 17896181 300000 EQUIPMENT AND RENTAL 6293214 4919170 1363972 10072 OTHER 3008967 2116632 758110 134225 2657621 2642204 6949 8468 128193029 87173341 36941550 4078138 14062283 17713636 70649696 75299205 92256419 79328499 886741 790002 1748793 1499585 1811268 1579060 669611101 362324103 315925868 307286998 458630088 577417972 267921893 358730207 10726733 11542606 1234619782 1431187770 21425739 22361059 6761735 2738456 104707416 99752678 94982 945816 39290746 33416217 172280618 159214226 X 111638164 140014951 950701000 1131958593 1062339164 1271973544 1234619782 1431187770 X 8864876 193245814 145603 7378087 X X 0 1 X 1 0 X 66444920 60380198 92323768 140040884 62390288 421580058 66444920 60380198 92323768 140040884 62390288 421580058 41543193 380036865 4163107 6739352 10105493 11684877 13391779 46084608 133403 532679 12667 0 678749 468343415 141366924 0.81140 0.86050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 616774648 27970520 173481226 13312406 12107574 792806414 633904445 13135921 -12460134 11942881 5862703 616774648 644748807 9451715 -4406867 11030467 4858743 633904445 618211727 9964608 32410261 9884854 5952935 644748807 571094035 11000514 53626267 10793938 6715151 618211727 0.04390 0.57090 0.38520 1 0 20304653 20304653 566899465 307700294 259199171 63876077 54623809 9252268 18530906 18530906 307286998 331193000 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 27537207 F 358730207 LINE OF CREDIT 685807 ASSET RETIREMENT OBLIGATION 8362536 LIABILITY -INTEREST RATE SWAP 22599515 OTHER LIABILITIES -DEFERRED SAVINGS PLAN 1768359 33416217 X 328285866 193245814 145603 9944118 203335535 124950331 12107574 12107574 137057905 118651480 2566025 2566025 116085455 12107574 12107574 128193029 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, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS 1,094,285. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 6,283,808. COST OF SALES - MERCHANDISING OPERATIONS 612,774. RENTAL EXPENSES -DEPRECIATION 1,945,078. DIRECT EVENT EXPENSES 8,173. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MERCHANDISING OPERATIONS 612,774. RENTAL EXPENSES -DEPRECIATION 1,945,078. DIRECT EVENT EXPENSES 8,173. 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 318201464 0 0 0 0 0 0 318201464 0 318201464 1 0 1 1 1 0 PART III ACCOUNTING METHOD: ART IN BLOOM 164948 138600 26348 8173 164948 138600 26348 8173 8173 18175 X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 648019 0 0 0 50213 0 22800 0 18737 0 739769 0 0 0 KATHERINE GETCHELL - FORMER CHIEF BRAND OFFICER, DEPUT 121027 0 0 0 348283 0 11016 0 15992 0 496318 0 0 0 MARK KERWIN CFO, DEPUTY DIRECTOR, AND 388268 0 0 0 0 0 25650 0 22466 0 436384 0 0 0 CAMERAN MASON CHIEF DEVELOPMENT OFFICER 351816 0 0 0 0 0 22800 0 22122 0 396738 0 0 0 DAVID BLACKMAN DIRECTOR OF DEVELOPMENT 241007 0 0 0 0 0 19360 0 4243 0 264610 0 0 0 CYNTHIA S GLOTT SR. DIRECTOR, EXT. RELATIO 223669 0 0 0 0 0 20506 0 16663 0 260838 0 0 0 DAWN E GRIFFIN SR. DIRECTOR, COMMUNICATIO 146684 0 0 0 84895 0 13256 0 9642 0 254477 0 0 0 PATRICIA L LYDEN DIRECTOR OF PLANNING & ANA 201753 0 0 0 29553 0 12443 0 9913 0 253662 0 0 0 KRISTIN V FERGUSON CHIEF OF STAFF 214411 0 0 0 0 0 17438 0 17100 0 248949 0 0 0 MAKEEBA MCCREARY CHIEF OF LEARNING AND COMM 229478 0 0 0 0 0 0 0 17058 0 246536 0 0 0 THOMAS CATALINI SR. DIRECTOR OF INFORMATIO 204590 0 0 0 0 0 17051 0 21256 0 242897 0 0 0 JOHN TOULMIN DIRECTOR OF TREASURY MANAG 199544 0 0 0 0 0 18347 0 19162 0 237053 0 0 0 PART I, LINE 1A A TAXABLE LIVING ALLOWANCE OF $50,000 WAS PAID TO MATTHEW TEITELBAUM BASED ON THE EMPLOYMENT CONTRACT, AND TAXABLE COMPANION TRAVEL EXPENSE OF $213 WAS ALSO 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, LINES 4A-B INCLUDED IN FORM 990, PAGE 7, PART VII, COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS FOR THE YEAR ENDED JUNE 30, 2021, IS CERTAIN COMPENSATION PAID TO KATHERINE GETCHELL, A FORMER OFFICER, UNDER AN AGREEMENT IN EFFECT FROM MARCH 2020 TO MARCH 2021. PAYMENTS UNDER A VOLUNTARY EARLY RETIREMENT PROGRAM WERE PAID TO BELOW INDIVIDUALS AND INCLUDED IN FROM W-2 FOR THE CALENDAR YEAR 12/31/20: -P. LYDON $29,553 -D. GRIFFIN $84,895 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 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, 2020 THROUGH JUNE 30, 2021. THE OVERALL MEASUREMENT PERIOD FOR THE PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. X 77 NOT RECORDED PER F/S X 79 13858621 FAIR MARKET VALUE 21 0 1 0 PART I, LINE 33: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, THE COST OF WORKS OF ART ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED. THE VALUE OF OBJECTS ACQUIRED BY GIFT CANNOT BE REASONABLY ESTIMATED, AND THEREFORE ARE NOT RECORDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. FORM 990, PART I, LINE 1 AND PART III, LINE 1: THE MUSEUM OF FINE ARTS HOUSES AND PRESERVES PREEMINENT COLLECTIONS AND ASPIRES TO SERVE A WIDE VARIETY OF PEOPLE THROUGH DIRECT ENCOUNTERS WITH WORKS OF ART. THE MUSEUM AIMS FOR THE HIGHEST STANDARDS OF QUALITY IN ALL ITS ENDEAVORS. IT SERVES AS A RESOURCE FOR BOTH THOSE WHO ARE ALREADY FAMILIAR WITH ART AND THOSE FOR WHOM ART IS A NEW EXPERIENCE. THROUGH EXHIBITIONS, PROGRAMS, RESEARCH AND PUBLICATIONS, THE MUSEUM DOCUMENTS AND INTERPRETS ITS OWN COLLECTIONS. IT PROVIDES INFORMATION AND PERSPECTIVE ON ART THROUGH TIME AND THROUGHOUT THE WORLD. THE MUSEUM HOLDS ITS COLLECTIONS IN TRUST FOR FUTURE GENERATIONS. IT ASSUMES CONSERVATION AS A PRIMARY RESPONSIBILITY, WHICH REQUIRES CONSTANT ATTENTION TO PROVIDING A PROPER ENVIRONMENT FOR WORKS OF ART AND ARTIFACTS. COMMITTED TO ITS VAST HOLDINGS, THE MUSEUM NONETHELESS RECOGNIZES THE NEED TO IDENTIFY AND EXPLORE NEW AND NEGLECTED AREAS OF ART. IT SEEKS TO ACQUIRE ART OF THE PAST AND PRESENT WHICH IS VISUALLY SIGNIFICANT AND EDUCATIONALLY MEANINGFUL. THE MUSEUM HAS OBLIGATIONS TO THE PEOPLE OF BOSTON AND NEW ENGLAND, ACROSS THE NATION AND ABROAD. IT CELEBRATES DIVERSE CULTURES AND WELCOMES NEW AND BROADER CONSTITUENCIES. THE MUSEUM IS A PLACE IN WHICH TO SEE AND TO LEARN. IT STIMULATES IN ITS VISITORS A SENSE OF PLEASURE, PRIDE AND DISCOVERY, WHICH PROVIDES AESTHETIC CHALLENGES AND LEADS TO A GREATER CULTURAL AWARENESS AND DISCERNMENT. THE MUSEUM CREATES EDUCATIONAL OPPORTUNITIES FOR VISITORS AND ACCOMMODATES A WIDE RANGE OF EXPERIENCES AND LEARNING STYLES. THE MUSEUM'S ULTIMATE AIM IS TO ENCOURAGE INQUIRY AND TO HEIGHTEN PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE 990 DURING A COMMITTEE MEETING. A COPY OF THE FULL 990 IS PROVIDED TO THE AUDIT COMMITTEE, EXCEPT FOR THE SCHEDULE B. THE 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. THE 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, EXCEPT FOR THE SCHEDULE B, IS MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA INTERNAL WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS. COMPLETION OF THE FORMS IS TRACKED AND THE CONTENTS OF THE FORMS ARE REVIEWED BY THE MUSEUM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MAINTAINS A COMPENSATION COMMITTEE. THIS COMMITTEE REVIEWS AVAILABLE DATA FROM THE MUSEUM'S PEERS, AS WELL AS PARTICIPATING IN SURVEYS WITH PEER MUSEUMS CONCERNING COMPENSATION. THE COMMITTEE UTILIZED THE INFORMATION OBTAINED CONCERNING PEER MUSEUMS DIRECTORS' SALARIES AND OTHER COMPENSATION INFORMATION. COMBINED WITH PERFORMANCE MEASUREMENT, TO DISCUSS AND DETERMINE APPROPRIATE COMPENSATION FOR THE DIRECTOR AND KEY OFFICERS. DOCUMENTATION OF PEER DATA ON COMPENSATION AND PERFORMANCE MEASUREMENT IS MAINTAINED. 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 AND 1023 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 1,094,285. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 6,283,809. MISCELLANEOUS ADJUSTMENT -7. 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