2021-05-12T13:33:54-05:00 2020-06-30 203985546 JOHNSON OCONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2019-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 MARK B KERWIN DEPUTY DIRECTOR & C.F.O. 6173693281 2021-05-05 1 GISO JOSEPH P00030126 7819143400 2021-05-03 2019 2022-09-23 18:48:47Z MARK B KERWIN 465 HUNTINGTON AVENUE BOSTON MA 02115 671580690 0 X WWW.MFA.ORG X 1870 MA SEE SCHEDULE O. 41 40 960 1240 884757 757809 92323768 139956913 13163299 7804365 50987738 12917881 20824774 14391640 177299579 175070799 0 0 0 0 45051518 49177998 0 0 5047513 94151054 73244277 139202572 122422275 38097007 52648524 1174889792 1234619782 160090685 172280618 1014799107 1062339164 X SEE SCHEDULE O. 0 0 23097711 2278940 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. 16909941 1292929 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 2020, THE MUSEUM PRESENTED OVER 20 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: ANCIENT NUBIA NOW; LUCIAN FREUD: SELF-PORTRAITS; REIMAGINING HOME PHOTOGRAPHS BY BAHMAN JALALI AND GOHAR SASHTI; VIEWPOINTS PHOTOGRAPHS FROM THE HOWARD GREENBERG COLLECTION; KAY NIELSEN'S ENCHANTED VISION THE KENDRA AND ALLAN DANIEL COLLECTION; MARK BELIEVE; HYMAN BLOOM: MATTERS OF LIFE AND DEATH; MURAL: JACKSON POLLOCK/KATHARINA GROSSE; COMMUNITY ARTS INITIATIVE: MINDFUL MANDALAS; COLLECTING STORIES: A MID-CENTURY EXPERIMENT; ETC. 2068147 1382946 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. 39530971 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. 1084575 2494272 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. 1022190 1806481 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. THE FACILITIES ARE ACCESSIBLE FROM THE MUSEUM'S GALLERIES AND OTHER PUBLIC AREAS BUT NOT DIRECTLY ACCESSIBLE FROM THE STREET. THE PATRONAGE OF THE EATING FACILITIES BY THE GENERAL PUBLIC IS NOT DIRECTLY SOLICITED NOR ARE THE FACILITIES CONTEMPLATED OR DESIGNED TO SERVE AS A PUBLIC RESTAURANT BUT MERELY TO SERVE THE EXEMPT PURPOSES OF THE MUSEUM. THIS ALLOWS VISITORS TO DEVOTE MORE TIME TO THE MUSEUM'S EDUCATIONAL EXHIBITS, AND ENHANCES EFFICIENT MUSEUM OPERATION BY ENABLING STAFF TO REMAIN ON-SITE THROUGHOUT THE DAY. THE OPERATING OF THE EATING FACILITIES WITHIN THE MUSEUM PREMISES HELPS TO ATTRACT VISITORS TO THE MUSEUM EXHIBITS. AS THERE ARE PLACES OF REFRESHMENT IN THE MUSEUM, VISITORS ARE ABLE TO SPEND A GREATER PORTION OF THEIR TIME AND ATTENTION TO THE MUSEUM'S COLLECTION, EXHIBITS AND OTHER EDUCATIONAL FACILITIES. THE MUSEUM CREATES AN EDUCATION PROGRAM FOR ITS PARTICIPANTS, FOCUSING ON AN EXHIBIT, LECTURE OR TOUR FOR PRIVATE AND CORPORATE FUNCTIONS. 3169620 4232496 MEMBERSHIP & VISITORS:OVER 1,352,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2019. DURING THE FISCAL YEAR 2019, THERE WERE MORE THAN TEN 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 70,000 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. 1638453 3437814 OTHER MISC. PROGRAM SERVICES 46445809 11971063 88521608 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 385 0 1 960 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 41 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X X MARK B KERWIN CPA DEPUTY DIRECTOR AND CFO 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 40.00 X 992414 0 44178 KATHERINE GETCHELL - FORMER CHIEF BRAND OFFICER, DEPUT 40.00 X 425949 0 42907 MARK KERWIN CFO, DEPUTY DIRECTOR, AND 40.00 X 430910 0 47333 CAMERAN MASON CHIEF DEVELOPMENT OFFICER 40.00 X 390000 0 44191 JOHN TOULMIN DIRECTOR OF TREASURY MANAG 40.00 X 204888 0 39170 EDWARD SAYWELL CHIEF OF EXHIBITIONS STRAT 40.00 X 205100 0 33063 BEN JAMIN WEISS DIRECTOR OF COLLECTIONS 40.00 X 137935 0 19579 KRISTIN V FERGUSON CHIEF OF STAFF 40.00 X 249827 0 35225 MAKEEBA MCCREARY CHIEF OF LEARNING AND COMMUNITY ENGAGEMENT 40.00 X 262260 0 15057 CYNTHIA S GLOTT SR. DIRECTOR, EXT. RELATIO 40.00 X 224528 0 37008 THOMAS CATALINI SR. DIRECTOR OF INFORMATIO 40.00 X 210287 0 37746 JANE O'REILLY-CORCORAN DIRECTOR OF HUMAN RESOURCE 40.00 X 207944 0 37191 DAWN E GRIFFIN SR. DIRECTOR, COMMUNICATIO 40.00 X 205447 0 26785 PATRICIA L LYDEN DIRECTOR OF PLANNING & ANALYSIS 40.00 X 189526 0 25240 JILL AVERY ELECTED TRUSTEE -PRESIDENT 1.00 X X 0 0 0 KEVIN T CALLAGHAN ELECTED TRUSTEE -CHAIR 1.00 X X 0 0 0 SAMUEL PLIMPTON ELECTED TRUSTEE -TREASURER 1.00 X X 0 0 0 MONICA CHANDRA ELECTED TRUSTEE 1.00 X 0 0 0 PETER CREIGHTON ELECTED TRUSTEE 1.00 X 0 0 0 SUSAN DONAHUE 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 RONALD M DRUKER ELECTED TRUSTEE 1.00 X 0 0 0 BARBARA HOSTETTER ELECTED TRUSTEE 1.00 X 0 0 0 CLASRISSA C HUNNEWELL ELECTED TRUSTEE 1.00 X 0 0 0 CARL J MARTIGNETTI ELECTED TRUSTEE 1.00 X 0 0 0 CATHY E MINEHAN 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 EDWARD GREENE ELECTED TRUSTEE -PRESIDENT 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 DEBORAH BORNHEIMER APPOINTED TRUSTEE - BOSTON 1.00 X 0 0 0 ROBERT E GALLERY APPOINTED TRUSTEE - BOSTON 1.00 X 0 0 0 BRENDA CASSELLIUS APPOINTED TRUSTEE - BOSTON PUBLIC SCHOOLS 1.00 X 0 0 0 TARUN KHANNA APPOINTED TRUSTEE - HARVAR 1.00 X 0 0 0 MARTIN J WALSH APPOINTED TRUSTEE - MAYOR 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 MGLASER APPOINTED TRUSTEE - TUFTS 1.00 X 0 0 0 4337015 0 484673 83 1 1 0 CONSIGLI CONSTRUCTION CO INC 266 SUMMER STREET BOSTON MA 02210 CONSTRUCTION 13379844 RESTAURANT ASSOCIATES 132 W 31ST STREET SUITE 601 NEW YORK NY 10001 FOOD SERVICES 2018669 LEE KENNEDY CO INC 122 QUINCY SHORE DRIVE QUINCY MA 02171 CONSTRUCTION 1620612 US ART COMPANY 66 PACELLA PARK DR RANDOLPH MA 02368 ART SHIPPING AND STORAGE 1530880 CONNELLY PARTNERS LLC 46 WALTHAM ST 4TH FL BOSTON MA 02118 MEDIA/MARKETING 1404331 5 7402627 60000 132494286 10931490 139956913 ADMISSION 713990 4232496 4232496 EDUCATION PROGRAM REVENUE 611710 2278940 2278940 EXHIBITION 713990 1292929 1292929 7804365 4458837 878533 3580304 7226040 1945079 5280961 5280961 5280961 501520108 2492 493063556 0 8456552 2492 8459044 17058 8441986 2873368 1501256 1372112 1382946 -10834 OTHER ANCILLARY SERVICES 900099 3437814 3437814 PARKING 812930 2494272 2494272 FOOD SERVICES 722100 1806481 1806481 7738567 175070799 16925878 884757 17303251 3135998 1070302 1685388 380308 34063202 23634699 7422356 3006147 2376135 1578056 581766 216313 5832393 3846384 1720090 265919 3770270 2503939 923102 343229 1832905 1832905 1247318 2460 1244858 311607 18800 292807 6849054 649120 6135093 64841 4071779 884244 3143599 43936 2031925 1713843 318082 1554711 1193084 245760 115867 1230148 98349 1127824 3975 5857157 5505550 351607 827520 462367 313277 51876 4396667 3503472 893195 19786719 19222021 550513 14185 1202032 543583 658449 UBIT TAX - FEDERAL 12000 12000 PURCHASE WORKS OF ART 10343955 10337557 6398 0 OTHER 4050585 3362862 256255 431468 EXHIBITION AND SPECIAL 3578628 3578628 0 0 4059567 2979383 970735 109449 122422275 88521608 28853154 5047513 26946140 14062283 58395556 70649696 94188310 92256419 990606 886741 350000 0 1387621 1748793 1820496 1811268 656265332 340339464 320689351 315925868 393768730 458630088 266863825 267921893 9489157 10726733 1174889792 1234619782 19762402 21425739 3073509 6761735 104799934 104707416 142577 94982 32312263 39290746 160090685 172280618 X 140432107 111638164 874367000 950701000 1014799107 1062339164 1174889792 1234619782 X 52648524 1598918 348211 -7055596 X X 0 1 X 1 0 X 49185692 66444920 60380198 92323768 140040884 408375462 49185692 66444920 60380198 92323768 140040884 408375462 25793235 382582227 2693547 4163107 6739352 10105493 11684877 35386376 147509 133403 532679 12667 0 826258 444588096 171938885 0.86050 0.81540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 633904445 13135921 -12460134 11942881 5862703 616774648 644748807 9451715 -4406867 11030467 4858743 633904445 618211727 9964608 32410261 9884854 5952935 644748807 571094035 11000514 53626267 10793938 6715151 618211727 620435527 8256829 -21087976 1031819 31766740 3711786 571094035 0.03310 0.47690 0.49000 1 0 20304653 20304653 546321495 289509383 256812112 60530587 50830081 9700506 29108597 29108597 315925868 246051000 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 21870893 F 267921893 LINE OF CREDIT 807835 ASSET RETIREMENT OBLIGATION 8145699 LIABILITY -INTEREST RATE SWAP 28883323 OTHER LIABILITIES -DEFERRED SAVINGS PLAN 1453889 39290746 X 167545965 1598918 348211 -3609261 -1662132 169208097 5862702 5862702 175070799 120005908 3446335 3446335 116559573 5862702 5862702 122422275 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 650 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, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -267,479. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -6,788,117. COST OF SALES - MERCHANDISING OPERATIONS 1,501,256. RENTAL EXPENSES 1,945,079. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MERCHANDISING OPERATIONS 1,501,256. RENTAL EXPENSES 1,945,079. 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 196960639 0 0 0 0 0 0 196960639 0 196960639 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 828775 0 100000 0 63639 0 22400 0 21778 0 1036592 0 0 0 KATHERINE GETCHELL - FORMER CHIEF BRAND OFFICER, DEPUT 425949 0 0 0 0 0 25200 0 17707 0 468856 0 0 0 MARK KERWIN CFO, DEPUTY DIRECTOR, AND 415910 0 15000 0 0 0 25200 0 22133 0 478243 0 0 0 CAMERAN MASON CHIEF DEVELOPMENT OFFICER 380625 0 9375 0 0 0 22400 0 21791 0 434191 0 0 0 JOHN TOULMIN DIRECTOR OF TREASURY MANAG 200888 0 4000 0 0 0 18080 0 21090 0 244058 0 0 0 EDWARD SAYWELL CHIEF OF EXHIBITIONS STRAT 205100 0 0 0 0 0 16400 0 16663 0 238163 0 0 0 BEN JAMIN WEISS DIRECTOR OF COLLECTIONS 137935 0 0 0 0 0 11035 0 8544 0 157514 0 0 0 KRISTIN V FERGUSON CHIEF OF STAFF 229827 0 20000 0 0 0 18386 0 16839 0 285052 0 0 0 MAKEEBA MCCREARY CHIEF OF LEARNING AND COMMUNITY ENGA 242260 0 20000 0 0 0 0 0 15057 0 277317 0 0 0 CYNTHIA S GLOTT SR. DIRECTOR, EXT. RELATIO 224528 0 0 0 0 0 20207 0 16801 0 261536 0 0 0 THOMAS CATALINI SR. DIRECTOR OF INFORMATIO 210287 0 0 0 0 0 16823 0 20923 0 248033 0 0 0 JANE O'REILLY-CORCORAN DIRECTOR OF HUMAN RESOURCE 203944 0 4000 0 0 0 16315 0 20876 0 245135 0 0 0 DAWN E GRIFFIN SR. DIRECTOR, COMMUNICATIO 205447 0 0 0 0 0 18490 0 8295 0 232232 0 0 0 PATRICIA L LYDEN DIRECTOR OF PLANNING & ANALYSIS 189526 0 0 0 0 0 17057 0 8183 0 214766 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 $13,639 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, LINE 4A INCLUDED IN THE FINANCIAL STATEMENTS, PART IX, STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDED JUNE 30, 2020, IS CERTAIN COMPENSATION PAID TO KATHERINE GETCHELL, A FORMER OFFICER POST MARCH 2020, SUBSEQUENT TO THE W-2 REPORTED ON IN SCHEDULE J. PART I, LINE 7: NON-FIXED AND DISCRETIONARY BONUSES OF WERE PAID TO: MATTHEW TEITELBAUM $100,000 KRISTIN FERGUSON $ 20,000 MAKEEBA MCCREARY $ 20,000 MARK KERWIN $ 15,000 CAMERAN MASON $ 9,375 JOHN TOULMIN $ 4,000 JANE O'REILLY-CORCORAN $ 4,000 NON-FIXED AND DISCRETIONARY BONUSES WERE AWARDED IN FISCAL YEAR 2019 AND PAID DURING FISCAL YEAR 2019. THESE DISCRETIONARY BONUSES ARE INCLUDED IN THE CALENDAR YEAR 2019 W-2 INFORMATION REPORTED IN THE SCHEDULE J AND REPORTED IN THIS SCHEDULE. THERE WERE NO DISCRETIONARY BONUSES AWARDED OR PAID DURING THE FINANCIAL STATEMENTS INCLUDED IN THIS TAX RETURN FOR FISCAL YEAR 2020. A MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 042456011 57586CV69 2007-12-13 185000000 NEW MONEY FOR CONSTRUCTION 0 0 0 A 80200000 185802983 1134172 184668811 2010 0 0 1 1 A 0 1 1 1 0 0.01510 0.01510 0 0 1 A 0 0 1 0 1 1 BANK OF AMERICA 20.000000000000 0 0 0 0 1 A 1 PART VI, SUPPLEMENTAL INFORMATION: PART I - BOND ISSUES, LINE A: COLUMN (C) ADDITIONAL CUSIP #57586CK95 PART IV, ARBITRAGE, LINE 3B: ADDITIONAL NAME OF PROVIDER: MERRILL LYNCH PART IV - ARBITRAGE, LINE 3C: ADDITIONAL TERM OF HEDGE: 3.08 YEARS PART IV - ARBITRAGE, LINE 6: 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, 2019 THROUGH JUNE 30, 2020. THE OVERALL MEASUREMENT PERIOD FOR THE PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. MARTIGNETTI COMPANIESCARL MARTIGNETTI TRUSTEE 115420 MR. CARL MARTIGNETTI, A TRUSTEE OF THE MUSEUM, IS PRESIDENT AND A SHAREHOLDER OF MARTIGNETTI COMPANIES AND AFFILIATED ENTITIES. MARTIGNETTI COMPANIES IS A LONG-TIME MUSEUM VENDOR AND PROVIDES GOODS FOR THE MUSEUM. 0 X 107 NOT RECORDED PER F/S X 105 10931490 FAIR MARKET VALUE 31 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. PART I, LINE 9: IT IS THE MUSEUM'S POLICY TO SELL SECURITIES IMMEDIATELY UPON RECEIVING SUCH DONATIONS. 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 COMMITTEE, WHO REVIEW AND APPROVE THE 990 PRIOR TO ITS REVIEW BY THE FULL GOVERNING BODY. THIS REVIEW IS REPORTED TO THE BOARD AT ITS SPRING MEETING. THE FULL 990 IS MADE AVAILABLE TO THE GOVERNING BOARD VIA AN 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 -267,479. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -6,788,117. 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