MUSEUM OF FINE ARTS: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MUSEUM OF FINE ARTS (EIN 04-2103607)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-05-11
- IRS object ID
- 202011329349302301
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-05-11T14:15:54-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 203985546 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON O'CONNOR FERON & CARUCCI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 EDGEWATER DRIVE SUITE 210 | AddressLine1Txt |
| City | WAKEFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01880 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103607 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUSEUM OF FINE ARTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MUSE | BusinessNameControlTxt |
| Phone | 6173693281 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK B KERWIN | PersonNm |
| Person Title | DEPUTY DIRECTOR & C.F.O. | PersonTitleTxt |
| Phone | 6173693281 | PhoneNum |
| Signature | 2020-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GISO JOSEPH | PreparerPersonNm |
| PTIN | P00030126 | PTIN |
| Phone | 7819143400 | PhoneNum |
| Preparation | 2020-05-07 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 96.230.50.122 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-05-07 | IPDt |
| IP Tm | 13:56:41 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | E748EB209E4A2515BC9FACA3F58B81BBBD7EBC63 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C2926380507EFA8A31F6F64CD0A9520ACA6BA46D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK B KERWIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $464,334,985 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MFA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1870 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 41 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 40 | VotingMembersIndependentCnt |
| Total Employee | 946 | TotalEmployeeCnt |
| Total Volunteers | 1236 | TotalVolunteersCnt |
| Total Gross UBI | -$1,014,834 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $11,667 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $60,380,198 | PYContributionsGrantsAmt |
| CY Contributions Grants | $92,323,768 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,176,059 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,163,299 | CYProgramServiceRevenueAmt |
| PY Investment Income | $40,925,557 | PYInvestmentIncomeAmt |
| CY Investment Income | $50,987,738 | CYInvestmentIncomeAmt |
| PY Other Revenue | $18,961,830 | PYOtherRevenueAmt |
| CY Other Revenue | $20,824,774 | CYOtherRevenueAmt |
| PY Total Revenue | $133,443,644 | PYTotalRevenueAmt |
| CY Total Revenue | $177,299,579 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $42,759,299 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $45,051,518 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,560,314 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $74,264,591 | PYOtherExpensesAmt |
| CY Other Expenses | $94,151,054 | CYOtherExpensesAmt |
| PY Total Expenses | $117,023,890 | PYTotalExpensesAmt |
| CY Total Expenses | $139,202,572 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $16,419,754 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $38,097,007 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,170,762,642 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,174,889,792 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $156,391,904 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $160,090,685 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,014,370,738 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,014,799,107 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $22,694,622 | ExpenseAmt |
| Revenue | $3,250,776 | RevenueAmt |
| Desc | 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. APPROXIMATE 120,000 VISITORS PARTICIPATED IN THESE VARIOUS PROGRAMS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $34,478,739 | ExpenseAmt |
| Revenue | $1,952,094 | RevenueAmt |
| Desc | 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 2019, THE MUSEUM PRESENTED NEAR 30 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: CASANOVA'S EUROPE: ART, PLEASURE, AND POWER IN THE 18TH CENTURY (JULY 8 - OCT 8, 2018); 10,000 MILES ALONG THE YANGZI RIVER (JULY 21 - SEPT 30, 2018); CONSERVATION IN ACTION: JAPANESE BUDDHIST SCULPTURE IN A NEW LIGHT (DEC 15, 2018 - JUNE 30, 2019); GRACIELA ITURBIDE'S MEXICO (JAN 19 - MAY 12, 2019); MADE VISIBLE: CONTEMPORARY SOUTH AFRICAN FASHION AND IDENTITY (FEB 2 - MAY 14, 2019); WINNIE-THE POOH: EXPLORING A CLASSIC (SEPT 22, 2018 - JAN 6, 2019); FRIDA KAHLO AND ARTE POPULAR (FEB 27 - JUNE 19, 2019); GENDER BENDING FASHION (MARCH 21 - AUG 25, 2019); EXHIBITION LAB: SARGENT AND FASHION (NOV 10, 2018 - JUNE 23, 2019); BOSTON MADE: ARTS AND CRAFTS JEWELRY AND METALWORK (NOV 17, 2018 - MARCH 29, 2019); TOULOUSE-LAUTREC AND THE STARS OF PARIS (APRIL 7 - AUG 4, 2019); ANSEL ADAMS IN OUR TIME (DEC 13, 2018 - FEB 24, 2019); COLLECTING STORIES: A MID-CENTURY EXPERIMENT; ETC. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,187,451 | ExpenseAmt |
| Revenue | $2,620,648 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (5 entries)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $39,983,879 | $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. |
| $1,408,089 | $4,392,556 | 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. |
| $1,201,758 | $2,909,052 | 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. |
| $3,531,040 | $7,960,429 | 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. |
| $5,361,930 | $5,852,328 | OTHER MISC. PROGRAM SERVICES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $51,486,696 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $21,114,365 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $110,847,508 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 346 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 946 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 41 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 40 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK B KERWIN CPA DEPUTY DIRECTOR AND CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6173693281 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| KEVIN T CALLAGHAN | |||||||
| ELECTED TRUSTEE -CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JILL AVERY | |||||||
| ELECTED TRUSTEE -PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SAMUEL PLIMPTON | |||||||
| ELECTED TRUSTEE -TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BETTINA BURR | |||||||
| ELECTED TRUSTEE -SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PATRICIA KRAFT | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY LEIDEN | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAMELA VOSS | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL WALL | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MONICA CHANDRA | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER CREIGHTON | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN DONAHUE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LIZBETH KRUPP | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT NAGLE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RONALD M DRUKER | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BARBARA HOSTETTER | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CLASRISSA C HUNNEWELL | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CARL J MARTIGNETTI | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CATHY E MINEHAN | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY PHILLIPS | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARC S PLONSKIER | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THERESA M STONE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| EDWARD GREENE | |||||||
| ELECTED TRUSTEE -PRESIDENT -ADVISORS | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HOWARD COX | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID D CROLL | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| AZI DJAZANI | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ABIGAIL ROSS GOODMAN | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| YUCHUN LEE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| P ANDREWS MCLANE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL A NOBLE | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| AMY POORVU | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LISBETH TARLOW | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERTA WEINER | |||||||
| ELECTED TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH BORNHEIMER | |||||||
| APPOINTED TRUSTEE - BOSTON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT E GALLERY | |||||||
| APPOINTED TRUSTEE - BOSTON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LAURA PERILLE | |||||||
| APPOINTED TRUSTEE - BOSTON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TARUN KHANNA | |||||||
| APPOINTED TRUSTEE - HARVAR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARTIN J WALSH | |||||||
| APPOINTED TRUSTEE - MAYOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROXANNA H HURST | |||||||
| APPOINTED TRUSTEE - MFA AS | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTINE REIF | |||||||
| APPOINTED TRUSTEE - MIT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES MGLASER | |||||||
| APPOINTED TRUSTEE - TUFTS | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW TEITELBAUM | |||||||
| ANN & GRAHAM GUND DIRECTOR | 40.00 | Yes (X) | $843,492 | $0 | $43,284 | ||
| KATHERINE GETCHELL | |||||||
| CHIEF BRAND OFFICER, DEPUT | 40.00 | Yes (X) | $441,724 | $0 | $41,580 | ||
| MARK KERWIN | |||||||
| CFO, DEPUTY DIRECTOR, AND | 40.00 | Yes (X) | $430,252 | $0 | $45,730 | ||
| CAMERAN MASON | |||||||
| CHIEF DEVELOPMENT OFFICER | 40.00 | Yes (X) | $205,399 | $0 | $9,361 | ||
| JOHN TOULMIN | |||||||
| DIRECTOR OF TREASURY MANAG | 40.00 | Yes (X) | $197,037 | $0 | $37,470 | ||
| EDWARD SAYWELL | |||||||
| CHIEF OF EXHIBITIONS STRAT | 40.00 | Yes (X) | $181,855 | $0 | $30,180 | ||
| BEN JAMIN WEISS | |||||||
| DIRECTOR OF COLLECTIONS | 40.00 | Yes (X) | $132,478 | $0 | $18,683 | ||
| CYNTHIA S GLOTT | |||||||
| SR. DIRECTOR, EXT. RELATIONS & GOVERNANCE | 40.00 | $246,771 | $0 | $36,365 | Yes (X) | ||
| KRISTIN V FERGUSON | |||||||
| CHIEF OF STAFF | 40.00 | $218,534 | $0 | $29,182 | Yes (X) | ||
| THOMAS CATALINI | |||||||
| SR. DIRECTOR OF INFORMATION | 40.00 | $204,659 | $0 | $36,148 | Yes (X) | ||
| JANE O'REILLY-CORCORAN | |||||||
| DIRECTOR OF HUMAN RESOURCE | 40.00 | $200,004 | $0 | $35,538 | Yes (X) | ||
| DAWN E GRIFFIN | |||||||
| SR. DIRECTOR, COMMUNICATIONS | 40.00 | $199,709 | $0 | $25,837 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,501,914 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $389,358 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 61 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LEE KENNEDY CO INC | |||||
| 122 QUINCY SHORE DRIVE | QUINCY | MA | 02171 | CONSTRUCTION | $1,538,317 |
| CONNELLY PARTNERS LLC | |||||
| 46 WALTHAM ST 4TH FL | BOSTON | MA | 02118 | MEDIA/MARKETING | $1,390,871 |
| C&W FACILITY SERVICES INC | |||||
| 4002 SOLUTION CENTER | CHICAGO | IL | 60677 | CLEANING | $1,268,882 |
| US ART COMPANY | |||||
| 66 PACELLA PARK DR | RANDOLPH | MA | 02368 | ART SHIPPING AND STORAGE | $1,218,403 |
| SP PLUS CORPORATION | |||||
| 115 BROAD STREET | BOSTON | MA | 02110 | PARKING | $883,156 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 57 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $9,800,177 | MembershipDuesAmt |
| Fundraising | $105,382 | FundraisingAmt |
| Government Grants | $68,300 | GovernmentGrantsAmt |
| All Other Contributions | $82,349,909 | AllOtherContributionsAmt |
| Noncash Contributions | $5,665,705 | NoncashContributionsAmt |
| Total Contributions | $92,323,768 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ADMISSION | 713990 | $7,960,429 | $7,960,429 |
| EDUCATION PROGRAM REVENUE | 611710 | $3,250,776 | $3,250,776 |
| EXHIBITION | 713990 | $1,952,094 | $1,952,094 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,163,299 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,119,746 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$617,408 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,737,154 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $6,985,747 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,945,079 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $5,040,668 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,040,668 | TotalRevenueColumnAmt |
| Exclusion | $5,040,668 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $330,279,701 | SecuritiesAmt |
| Other | $53,012 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $282,464,721 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $47,814,980 | SecuritiesAmt |
| Other | $53,012 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,867,992 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$410,093 | UnrelatedBusinessRevenueAmt |
| Exclusion | $48,278,085 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $59,465 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $105,382 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $62,610 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$3,145 | TotalRevenueColumnAmt |
| Exclusion | -$3,145 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $5,196,311 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $2,562,996 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,633,315 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,620,648 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $12,667 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OTHER ANCILLARY SERVICES | 900099 | $5,852,328 | $5,852,328 |
| PARKING | 812930 | $4,392,556 | $4,392,556 |
| FOOD SERVICES | 722100 | $2,909,052 | $2,909,052 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $13,153,936 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $177,299,579 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,937,883 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$1,014,834 | UnrelatedBusinessRevenueAmt |
| Exclusion | $57,052,762 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,849,643 | TotalAmt |
| Program Services | $886,700 | ProgramServicesAmt |
| Management And General | $1,560,669 | ManagementAndGeneralAmt |
| Fundraising | $402,274 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,953,749 | TotalAmt |
| Program Services | $22,933,595 | ProgramServicesAmt |
| Management And General | $6,239,779 | ManagementAndGeneralAmt |
| Fundraising | $2,780,375 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,256,301 | TotalAmt |
| Program Services | $1,544,268 | ProgramServicesAmt |
| Management And General | $505,702 | ManagementAndGeneralAmt |
| Fundraising | $206,331 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,222,285 | TotalAmt |
| Program Services | $4,237,788 | ProgramServicesAmt |
| Management And General | $610,782 | ManagementAndGeneralAmt |
| Fundraising | $373,715 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,769,540 | TotalAmt |
| Program Services | $1,895,541 | ProgramServicesAmt |
| Management And General | $620,734 | ManagementAndGeneralAmt |
| Fundraising | $253,265 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,295,289 | TotalAmt |
| Program Services | $2,295,289 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $750,346 | TotalAmt |
| Program Services | $17,569 | ProgramServicesAmt |
| Management And General | $732,777 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289,676 | TotalAmt |
| Program Services | $18,000 | ProgramServicesAmt |
| Management And General | $271,676 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,338,062 | TotalAmt |
| Program Services | $1,158,955 | ProgramServicesAmt |
| Management And General | $5,114,240 | ManagementAndGeneralAmt |
| Fundraising | $64,867 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,002,974 | TotalAmt |
| Program Services | $1,301,874 | ProgramServicesAmt |
| Management And General | $1,632,031 | ManagementAndGeneralAmt |
| Fundraising | $69,069 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,131,226 | TotalAmt |
| Program Services | $2,701,664 | ProgramServicesAmt |
| Management And General | $429,562 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,585,621 | TotalAmt |
| Program Services | $1,306,831 | ProgramServicesAmt |
| Management And General | $119,680 | ManagementAndGeneralAmt |
| Fundraising | $159,110 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,228,705 | TotalAmt |
| Program Services | $96,562 | ProgramServicesAmt |
| Management And General | $1,128,205 | ManagementAndGeneralAmt |
| Fundraising | $3,938 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,076,162 | TotalAmt |
| Program Services | $5,727,897 | ProgramServicesAmt |
| Management And General | $348,265 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,198,892 | TotalAmt |
| Program Services | $604,220 | ProgramServicesAmt |
| Management And General | $435,523 | ManagementAndGeneralAmt |
| Fundraising | $159,149 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,342,558 | TotalAmt |
| Program Services | $3,460,356 | ProgramServicesAmt |
| Management And General | $882,202 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,880,658 | TotalAmt |
| Program Services | $20,355,184 | ProgramServicesAmt |
| Management And General | $513,198 | ManagementAndGeneralAmt |
| Fundraising | $12,276 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,104,802 | TotalAmt |
| Program Services | $530,448 | ProgramServicesAmt |
| Management And General | $574,354 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PURCHASE WORKS OF ART | $25,458,292 | $25,443,392 | $14,900 | |
| EQUIPMENT AND RENTAL | $5,355,737 | $4,930,790 | $410,123 | $14,824 |
| EXHIBITION AND SPECIAL | $5,273,511 | $5,273,511 | ||
| OTHER | $5,152,002 | $3,808,070 | $434,688 | $909,244 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $686,541 | TotalAmt |
| Program Services | $319,004 | ProgramServicesAmt |
| Management And General | $215,660 | ManagementAndGeneralAmt |
| Fundraising | $151,877 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,202,572 | TotalAmt |
| Program Services | $110,847,508 | ProgramServicesAmt |
| Management And General | $22,794,750 | ManagementAndGeneralAmt |
| Fundraising | $5,560,314 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,566,175 | BOYAmt |
| EOY | $26,946,140 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,260,160 | BOYAmt |
| EOY | $58,395,556 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,176,479 | BOYAmt |
| EOY | $94,188,310 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,076,789 | BOYAmt |
| EOY | $990,606 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $350,000 | BOYAmt |
| EOY | $350,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,393,304 | BOYAmt |
| EOY | $1,387,621 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,287,247 | BOYAmt |
| EOY | $1,820,496 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $639,331,363 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $318,642,012 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $329,462,779 | BOYAmt |
| EOY | $320,689,351 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $413,207,713 | BOYAmt |
| EOY | $393,768,730 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,056,110 | BOYAmt |
| EOY | $266,863,825 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,925,886 | BOYAmt |
| EOY | $9,489,157 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,170,762,642 | BOYAmt |
| EOY | $1,174,889,792 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,457,125 | BOYAmt |
| EOY | $19,762,402 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,090,671 | BOYAmt |
| EOY | $3,073,509 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,789,117 | BOYAmt |
| EOY | $104,799,934 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,579 | BOYAmt |
| EOY | $142,577 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,033,412 | BOYAmt |
| EOY | $32,312,263 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,391,904 | BOYAmt |
| EOY | $160,090,685 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,538,021 | BOYAmt |
| EOY | $140,432,107 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $849,832,717 | BOYAmt |
| EOY | $874,367,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,014,370,738 | BOYAmt |
| EOY | $1,014,799,107 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,170,762,642 | BOYAmt |
| EOY | $1,174,889,792 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $38,097,007 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$32,302,436 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $547,293 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$5,913,495 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $62,715,771 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,185,692 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $66,444,920 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $60,380,198 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $92,323,768 | CurrentTaxYearAmt |
| Total | $331,050,349 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $62,715,771 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,185,692 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $66,444,920 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $60,380,198 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $92,323,768 | CurrentTaxYearAmt |
| Total | $331,050,349 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $37,594,782 | SubstantialContributorsTotAmt |
| Public Support Total170 | $293,455,567 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,633,469 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,693,547 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,163,107 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,739,352 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,105,493 | CurrentTaxYearAmt |
| Total | $26,334,968 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,669,765 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $147,509 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $133,403 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $532,679 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,667 | CurrentTaxYearAmt |
| Total | $2,496,023 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $359,881,340 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $216,340,126 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.81540 | PublicSupportCY170Pct |
| Public Support PY170 | 0.82400 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $644,748,807 | BeginningYearBalanceAmt |
| Contributions | $9,451,715 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,406,867 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $11,030,467 | OtherExpendituresAmt |
| Administrative Expenses | $4,858,743 | AdministrativeExpensesAmt |
| End Year Balance | $633,904,445 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $618,211,727 | BeginningYearBalanceAmt |
| Contributions | $9,964,608 | ContributionsAmt |
| Investment Earnings Or Losses | $32,410,261 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $9,884,854 | OtherExpendituresAmt |
| Administrative Expenses | $5,952,935 | AdministrativeExpensesAmt |
| End Year Balance | $644,748,807 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $571,094,035 | BeginningYearBalanceAmt |
| Contributions | $11,000,514 | ContributionsAmt |
| Investment Earnings Or Losses | $53,626,267 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $10,793,938 | OtherExpendituresAmt |
| Administrative Expenses | $6,715,151 | AdministrativeExpensesAmt |
| End Year Balance | $618,211,727 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $620,435,527 | BeginningYearBalanceAmt |
| Contributions | $8,256,829 | ContributionsAmt |
| Investment Earnings Or Losses | -$21,087,976 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,031,819 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,766,740 | OtherExpendituresAmt |
| Administrative Expenses | $3,711,786 | AdministrativeExpensesAmt |
| End Year Balance | $571,094,035 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $642,074,537 | BeginningYearBalanceAmt |
| Contributions | $12,847,093 | ContributionsAmt |
| Investment Earnings Or Losses | -$19,888,803 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $907,122 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,235,907 | OtherExpendituresAmt |
| Administrative Expenses | $3,454,271 | AdministrativeExpensesAmt |
| End Year Balance | $620,435,527 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.02440 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.45210 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.52350 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,304,653 | OtherCostOrOtherBasisAmt |
| Book Value | $20,304,653 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $546,039,239 | OtherCostOrOtherBasisAmt |
| Depreciation | $271,700,655 | DepreciationAmt |
| Book Value | $274,338,584 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $59,608,521 | OtherCostOrOtherBasisAmt |
| Depreciation | $46,941,357 | DepreciationAmt |
| Book Value | $12,667,164 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,378,950 | OtherCostOrOtherBasisAmt |
| Book Value | $13,378,950 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $320,689,351 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $244,196,000 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BENEFICIAL INTEREST IN PERPETUAL TRUSTS | Desc |
| Book Value | $22,667,825 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $266,863,825 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| LINE OF CREDIT | $874,790 |
| ASSET RETIREMENT OBLIGATION | $7,995,797 |
| LIABILITY -INTEREST RATE SWAP | $22,095,207 |
| OTHER LIABILITIES -DEFERRED SAVINGS PLAN | $1,346,469 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $32,312,263 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $139,342,883 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$32,302,436 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $547,293 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$1,405,420 | OtherRevenueAmt |
| Revenue Not Reported | -$33,160,563 | RevenueNotReportedAmt |
| Revenue Subtotal | $172,503,446 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $4,858,743 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$62,610 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,796,133 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $177,299,579 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $138,914,514 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $4,570,685 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,570,685 | ExpensesNotReportedAmt |
| Expenses Subtotal | $134,343,829 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $4,858,743 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $4,858,743 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $139,202,572 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 MFA 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: | MFA 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. MFA HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2019. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,147,524. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -4,765,971. COST OF SALES - MERCHANDISING OPERATIONS 2,562,996. RENTAL EXPENSES 1,945,079. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | ART IN BLOOM EXPENSES NETTED WITH REVENUE -62,610. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF SALES - MERCHANDISING OPERATIONS 2,562,996. ART IN BLOOM EXPENSES NETTED WITH REVENUE 62,610. 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. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARRIBEAN | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENT | TypeOfActivitiesConductedTxt |
| Specific Services Provided | N/A | SpecificServicesProvidedTxt |
| Region Total Expenditures | $127,011,059 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $127,011,059 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $127,011,059 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ART IN BLOOM | Event1Nm |
| Gross Receipts Event1 | $164,847 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $105,382 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $59,465 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $62,610 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $164,847 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $105,382 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $59,465 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $62,610 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $62,610 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$3,145 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MATTHEW TEITELBAUM | ||||||||||||||
| ANN & GRAHAM GUND DIRECTOR | $710,056 | $0 | $80,000 | $0 | $53,436 | $0 | $22,000 | $0 | $21,284 | $0 | $886,776 | $0 | $0 | $0 |
| KATHERINE GETCHELL | ||||||||||||||
| CHIEF BRAND OFFICER, DEPUT | $420,690 | $0 | $21,034 | $0 | $0 | $0 | $24,750 | $0 | $16,830 | $0 | $483,304 | $0 | $0 | $0 |
| MARK KERWIN | ||||||||||||||
| CFO, DEPUTY DIRECTOR, AND | $409,764 | $0 | $20,488 | $0 | $0 | $0 | $24,750 | $0 | $20,980 | $0 | $475,982 | $0 | $0 | $0 |
| CAMERAN MASON | ||||||||||||||
| CHIEF DEVELOPMENT OFFICER | $180,289 | $0 | $9,375 | $0 | $15,735 | $0 | $0 | $0 | $9,361 | $0 | $214,760 | $0 | $0 | $0 |
| JOHN TOULMIN | ||||||||||||||
| DIRECTOR OF TREASURY MANAG | $195,037 | $0 | $2,000 | $0 | $0 | $0 | $17,554 | $0 | $19,916 | $0 | $234,507 | $0 | $0 | $0 |
| EDWARD SAYWELL | ||||||||||||||
| CHIEF OF EXHIBITIONS STRAT | $181,755 | $0 | $0 | $0 | $100 | $0 | $14,540 | $0 | $15,640 | $0 | $212,035 | $0 | $0 | $0 |
| BEN JAMIN WEISS | ||||||||||||||
| DIRECTOR OF COLLECTIONS | $131,328 | $0 | $0 | $0 | $1,150 | $0 | $10,506 | $0 | $8,177 | $0 | $151,161 | $0 | $0 | $0 |
| CYNTHIA S GLOTT | ||||||||||||||
| SR. DIRECTOR, EXT. RELATIONS & GOVER | $226,771 | $0 | $20,000 | $0 | $0 | $0 | $20,409 | $0 | $15,956 | $0 | $283,136 | $0 | $0 | $0 |
| KRISTIN V FERGUSON | ||||||||||||||
| CHIEF OF STAFF | $218,534 | $0 | $0 | $0 | $0 | $0 | $13,594 | $0 | $15,588 | $0 | $247,716 | $0 | $0 | $0 |
| THOMAS CATALINI | ||||||||||||||
| SR. DIRECTOR OF INFORMATION | $204,659 | $0 | $0 | $0 | $0 | $0 | $16,373 | $0 | $19,775 | $0 | $240,807 | $0 | $0 | $0 |
| JANE O'REILLY-CORCORAN | ||||||||||||||
| DIRECTOR OF HUMAN RESOURCE | $198,004 | $0 | $2,000 | $0 | $0 | $0 | $15,840 | $0 | $19,698 | $0 | $235,542 | $0 | $0 | $0 |
| DAWN E GRIFFIN | ||||||||||||||
| SR. DIRECTOR, COMMUNICATIONS | $199,709 | $0 | $0 | $0 | $0 | $0 | $17,974 | $0 | $7,863 | $0 | $225,546 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 $3,436 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 7: | NON-FIXED AND DISCRETIONARY BONUSES OF WERE PAID TO: MATTHEW TEITELBAUM $80,000 KATHERINE GETCHELL $21,034 MARK KERWIN $20,488 CYNTHIA GLOTT $20,000 CAMERAN MASON $ 9,375 JOHN TOULMIN $ 2,000 JANE O'REILLY-CORCORAN $ 2,000 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 042456011 | BondIssuerEIN |
| CUSIP | 57586CV69 | CUSIPNum |
| Bond Issued | 2007-12-13 | BondIssuedDt |
| Issue Price | $185,000,000 | IssuePriceAmt |
| Purpose | NEW MONEY FOR CONSTRUCTION | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $80,200,000 | RetiredAmt |
| Total Proceeds | $185,802,983 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $1,134,172 | IssuanceCostsFromProceedsAmt |
| Working Capital Expenditures | $184,668,811 | WorkingCapitalExpendituresAmt |
| Substantial Completion | 2010 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (1) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Concerning UBI | 0.02020 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.02020 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 20.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2018 THROUGH JUNE 30, 2019. THE OVERALL MEASUREMENT PERIOD FOR THE PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| CHRISTOPHER A BRATTON | |||||||
| FORMER DEPUTY DIRECTOR - THE LOAN WAS PAID OFF IN JULY 2019. | TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE EMPLOYEE'S HOME. | Yes (X) | $200,000 | $200,000 | 0 | Yes (1) | Yes (1) |
| MARIA MULLER | |||||||
| FORMER DEPUTY DIRECTOR - THE LOAN WAS PAID OFF IN NOVEMBER 2019. | TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE EMPLOYEE'S HOME | Yes (X) | $150,000 | $150,000 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $350,000 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTIGNETTI COMPANIESCARL MARTIGNETTI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | TRUSTEE | RelationshipDescriptionTxt |
| Transaction | $166,748 | TransactionAmt |
| Transaction | MR. CARL MARTIGNETTI, A TRUSTEE OF THE MFA, IS PRESIDENT AND A SHAREHOLDER OF MARTIGNETTI COMPANIES AND AFFILIATED ENTITIES. MARTIGNETTI COMPANIES IS A LONG-TIME MFA VENDOR AND PROVIDES GOODS FOR THE MFA. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 181 | ContributionCnt |
| Method Of Determining Revenues | NOT RECORDED PER F/S | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 72 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,665,705 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 79 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 33: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 RESOURCE MANAGEMENT COMMITTEE. THIS COMMITTEE REVIEW AVAILABLE DATA FROM THE MFA'S PEER MUSEUMS, 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 -1,147,524. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -4,765,971. |
| PART XII, LINE 2C: | THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MUSEUM ENTERPRISE PARTNERS INC | |||||||||||
| 465 HUNTINGTON AVE | BOSTON | MA | 02115 | 043554307 | SALES OF ART AND RELATED | DE | MUSEUM OF FINE ARTS | C | $36,573 | 1.00000 | Yes (1) |
| CHARITABLE REMAINDER UNITRUST | |||||||||||
| 465 HUNTINGTON AVE | BOSTON | MA | 02115 | N/A | MA | T | Yes (1) | ||||
| CHARITABLE REMAINDER ANNUITY TRUST | |||||||||||
| 465 HUNTINGTON AVE | BOSTON | MA | 02115 | N/A | MA | T | Yes (1) | ||||
| PERPETUAL TRUST | |||||||||||
| 465 HUNTINGTON AVE | BOSTON | MA | 02115 | N/A | MA | T | Yes (1) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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