2020-05-11T14:15:54-05:00 2019-06-30 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2018-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 MARK B KERWIN DEPUTY DIRECTOR & C.F.O. 6173693281 2020-05-07 1 GISO JOSEPH P00030126 7819143400 2020-05-07 96.230.50.122 2020-05-07 13:56:41 ED P E748EB209E4A2515BC9FACA3F58B81BBBD7EBC63 C2926380507EFA8A31F6F64CD0A9520ACA6BA46D 2018 2020-09-23 17:36:50Z MARK B KERWIN 465 HUNTINGTON AVENUE BOSTON MA 02115 464334985 0 X WWW.MFA.ORG X 1870 MA SEE SCHEDULE O. 41 40 946 1236 -1014834 11667 60380198 92323768 13176059 13163299 40925557 50987738 18961830 20824774 133443644 177299579 0 0 0 0 42759299 45051518 0 0 5560314 74264591 94151054 117023890 139202572 16419754 38097007 1170762642 1174889792 156391904 160090685 1014370738 1014799107 X SEE SCHEDULE O. 0 0 22694622 3250776 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. 34478739 1952094 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. 2187451 2620648 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. 39983879 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. 1408089 4392556 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. 1201758 2909052 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. 3531040 7960429 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. 5361930 5852328 OTHER MISC. PROGRAM SERVICES 51486696 21114365 110847508 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 346 0 1 946 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 KEVIN T CALLAGHAN ELECTED TRUSTEE -CHAIR 1.00 X X 0 0 0 JILL AVERY ELECTED TRUSTEE -PRESIDENT 1.00 X X 0 0 0 SAMUEL PLIMPTON ELECTED TRUSTEE -TREASURER 1.00 X X 0 0 0 BETTINA BURR ELECTED TRUSTEE -SECRETARY 1.00 X X 0 0 0 PATRICIA KRAFT ELECTED TRUSTEE 1.00 X 0 0 0 JEFFREY LEIDEN ELECTED TRUSTEE 1.00 X 0 0 0 PAMELA VOSS ELECTED TRUSTEE 1.00 X 0 0 0 CAROL WALL ELECTED TRUSTEE 1.00 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 -ADVISORS 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 DEBORAH BORNHEIMER APPOINTED TRUSTEE - BOSTON 1.00 X 0 0 0 ROBERT E GALLERY APPOINTED TRUSTEE - BOSTON 1.00 X 0 0 0 LAURA PERILLE APPOINTED TRUSTEE - BOSTON 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 ROXANNA H HURST APPOINTED TRUSTEE - MFA AS 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 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 40.00 X 843492 0 43284 KATHERINE GETCHELL CHIEF BRAND OFFICER, DEPUT 40.00 X 441724 0 41580 MARK KERWIN CFO, DEPUTY DIRECTOR, AND 40.00 X 430252 0 45730 CAMERAN MASON CHIEF DEVELOPMENT OFFICER 40.00 X 205399 0 9361 JOHN TOULMIN DIRECTOR OF TREASURY MANAG 40.00 X 197037 0 37470 EDWARD SAYWELL CHIEF OF EXHIBITIONS STRAT 40.00 X 181855 0 30180 BEN JAMIN WEISS DIRECTOR OF COLLECTIONS 40.00 X 132478 0 18683 CYNTHIA S GLOTT SR. DIRECTOR, EXT. RELATIONS & GOVERNANCE 40.00 X 246771 0 36365 KRISTIN V FERGUSON CHIEF OF STAFF 40.00 X 218534 0 29182 THOMAS CATALINI SR. DIRECTOR OF INFORMATION 40.00 X 204659 0 36148 JANE O'REILLY-CORCORAN DIRECTOR OF HUMAN RESOURCE 40.00 X 200004 0 35538 DAWN E GRIFFIN SR. DIRECTOR, COMMUNICATIONS 40.00 X 199709 0 25837 3501914 0 389358 61 0 1 0 LEE KENNEDY CO INC 122 QUINCY SHORE DRIVE QUINCY MA 02171 CONSTRUCTION 1538317 CONNELLY PARTNERS LLC 46 WALTHAM ST 4TH FL BOSTON MA 02118 MEDIA/MARKETING 1390871 C&W FACILITY SERVICES INC 4002 SOLUTION CENTER CHICAGO IL 60677 CLEANING 1268882 US ART COMPANY 66 PACELLA PARK DR RANDOLPH MA 02368 ART SHIPPING AND STORAGE 1218403 SP PLUS CORPORATION 115 BROAD STREET BOSTON MA 02110 PARKING 883156 57 9800177 105382 68300 82349909 5665705 92323768 ADMISSION 713990 7960429 7960429 EDUCATION PROGRAM REVENUE 611710 3250776 3250776 EXHIBITION 713990 1952094 1952094 13163299 3119746 -617408 3737154 6985747 1945079 5040668 5040668 5040668 330279701 53012 282464721 0 47814980 53012 47867992 -410093 48278085 59465 105382 62610 -3145 -3145 5196311 2562996 2633315 2620648 12667 OTHER ANCILLARY SERVICES 900099 5852328 5852328 PARKING 812930 4392556 4392556 FOOD SERVICES 722100 2909052 2909052 13153936 177299579 28937883 -1014834 57052762 2849643 886700 1560669 402274 31953749 22933595 6239779 2780375 2256301 1544268 505702 206331 5222285 4237788 610782 373715 2769540 1895541 620734 253265 2295289 2295289 750346 17569 732777 289676 18000 271676 6338062 1158955 5114240 64867 3002974 1301874 1632031 69069 3131226 2701664 429562 1585621 1306831 119680 159110 1228705 96562 1128205 3938 6076162 5727897 348265 1198892 604220 435523 159149 4342558 3460356 882202 20880658 20355184 513198 12276 1104802 530448 574354 PURCHASE WORKS OF ART 25458292 25443392 14900 EQUIPMENT AND RENTAL 5355737 4930790 410123 14824 EXHIBITION AND SPECIAL 5273511 5273511 OTHER 5152002 3808070 434688 909244 686541 319004 215660 151877 139202572 110847508 22794750 5560314 38566175 26946140 54260160 58395556 86176479 94188310 1076789 990606 350000 350000 1393304 1387621 1287247 1820496 639331363 318642012 329462779 320689351 413207713 393768730 237056110 266863825 7925886 9489157 1170762642 1174889792 16457125 19762402 3090671 3073509 109789117 104799934 21579 142577 27033412 32312263 156391904 160090685 X 164538021 140432107 849832717 874367000 1014370738 1014799107 1170762642 1174889792 X 38097007 -32302436 547293 -5913495 X X 0 0 1 0 X 62715771 49185692 66444920 60380198 92323768 331050349 62715771 49185692 66444920 60380198 92323768 331050349 37594782 293455567 2633469 2693547 4163107 6739352 10105493 26334968 1669765 147509 133403 532679 12667 2496023 359881340 216340126 0.81540 0.82400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 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 642074537 12847093 -19888803 907122 10235907 3454271 620435527 0.02440 0.45210 0.52350 1 0 20304653 20304653 546039239 271700655 274338584 59608521 46941357 12667164 13378950 13378950 320689351 244196000 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 22667825 F 266863825 LINE OF CREDIT 874790 ASSET RETIREMENT OBLIGATION 7995797 LIABILITY -INTEREST RATE SWAP 22095207 OTHER LIABILITIES -DEFERRED SAVINGS PLAN 1346469 32312263 X 139342883 -32302436 547293 -1405420 -33160563 172503446 4858743 -62610 4796133 177299579 138914514 4570685 4570685 134343829 4858743 4858743 139202572 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. CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENT N/A 127011059 0 0 0 0 0 0 127011059 0 127011059 1 0 1 1 1 0 ART IN BLOOM 164847 105382 59465 62610 164847 105382 59465 62610 62610 -3145 X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 MATTHEW TEITELBAUM ANN & GRAHAM GUND DIRECTOR 710056 0 80000 0 53436 0 22000 0 21284 0 886776 0 0 0 KATHERINE GETCHELL CHIEF BRAND OFFICER, DEPUT 420690 0 21034 0 0 0 24750 0 16830 0 483304 0 0 0 MARK KERWIN CFO, DEPUTY DIRECTOR, AND 409764 0 20488 0 0 0 24750 0 20980 0 475982 0 0 0 CAMERAN MASON CHIEF DEVELOPMENT OFFICER 180289 0 9375 0 15735 0 0 0 9361 0 214760 0 0 0 JOHN TOULMIN DIRECTOR OF TREASURY MANAG 195037 0 2000 0 0 0 17554 0 19916 0 234507 0 0 0 EDWARD SAYWELL CHIEF OF EXHIBITIONS STRAT 181755 0 0 0 100 0 14540 0 15640 0 212035 0 0 0 BEN JAMIN WEISS DIRECTOR OF COLLECTIONS 131328 0 0 0 1150 0 10506 0 8177 0 151161 0 0 0 CYNTHIA S GLOTT SR. DIRECTOR, EXT. RELATIONS & GOVER 226771 0 20000 0 0 0 20409 0 15956 0 283136 0 0 0 KRISTIN V FERGUSON CHIEF OF STAFF 218534 0 0 0 0 0 13594 0 15588 0 247716 0 0 0 THOMAS CATALINI SR. DIRECTOR OF INFORMATION 204659 0 0 0 0 0 16373 0 19775 0 240807 0 0 0 JANE O'REILLY-CORCORAN DIRECTOR OF HUMAN RESOURCE 198004 0 2000 0 0 0 15840 0 19698 0 235542 0 0 0 DAWN E GRIFFIN SR. DIRECTOR, COMMUNICATIONS 199709 0 0 0 0 0 17974 0 7863 0 225546 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 $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 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 0.02020 0.02020 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, 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. 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. X 200000 200000 0 1 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 X 150000 150000 0 1 1 350000 MARTIGNETTI COMPANIESCARL MARTIGNETTI TRUSTEE 166748 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. 0 X 181 NOT RECORDED PER F/S X 72 5665705 FAIR MARKET VALUE 79 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 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. 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