2020-02-13T15:17:38-06:00 2019-03-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-04-01 131624146 The Pierpont Morgan Library PIER 2126850008 225 Madison Avenue New York NY 10016 Colin B Bailey Director 2126850008 2020-02-08 1 Frederick Martens P00298107 2126972299 38.142.140.186 2020-02-08 11:45:24 ES P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D B14330CB1EFA6BCB38C3B01E9BB5A287CF222DBC 2018 2020-11-06 18:47:13Z The Morgan Library & Museum Colin B Bailey 225 Madison Avenue New York NY 10016 110031964 0 X www.themorgan.org X 1924 NY Museum and independent research library (see Schedule O)Home to one of the world's foremost collections of manuscripts, rare books, music, drawings, and ancient and other works of art, The Morgan Library & Museum offers visitors a stimulating range of exhibitions and public programs while providing researchers with access to its collection, both on site and electronically. 24 23 267 84 298049 -354278 14198466 20553590 3540878 3883163 24928494 10697762 646913 795304 43314751 35929819 257646 317355 0 0 12958905 13290695 0 0 2613393 12854422 14167694 26070973 27775744 17243778 8154075 367845999 370490806 18846222 19833066 348999777 350657740 X The mission of the Morgan Library & Museum is to preserve, build, study, present, and interpret a collection of extraordinary quality, in order to stimulate enjoyment, excite the imagination, advance learning, and nurture creativity. 0 0 10934160 317355 3002115 Curatorial: The Morgan Library & Museum ("the Morgan") occupies a midtown Manhattan campus comprised of three landmarked buildings that are joined by pavilions constructed of steel-and-glass panels designed by renowned architect Renzo Piano. The Morgan houses one of the world's greatest collections of artistic, literary, musical, and historical works. Included in its holdings are original scores of Mozart and Beethoven, drawings by Rembrandt and Rubens, medieval and Renaissance works, three Gutenberg Bibles, literary manuscripts by Dickens and Twain, and five-thousand-year-old Near Eastern carvings. The Morgan recorded nearly 274,000 visitors in fiscal year 2019, primarily for a wide variety of changing exhibitions encompassing works from the Morgan's permanent collection and from other museums and libraries in the U.S. and abroad. Notable exhibitions in fiscal year 2019 included "Pontormo: Miraculous Encounters," "It's Alive! Frankenstein at 200," "The Magic of Handwriting: The Pedro Correa do Lago Collection," "Tolkien: Maker of Middle Earth, and "Wayne Thiebaud." The Morgan's curators plan the exhibitions, oversee the permanent collection, prepare exhibition and collection-related catalogues, organize symposia, host graduate seminars, and provide research and other services to the scholarly community.The extraordinary group of medieval and Renaissance manuscripts; printed books and bindings; literary, historical, and music manuscripts; drawings and prints; and ancient cylinder seals that J. Pierpont Morgan brought together were among the first important collections of their kind in America and form what is today the core of the Morgan's holdings. (The collection now includes photography and modern and contemporary drawings as well.) In overall quality and importance, the collections are among the finest in the world. They now number some 500,000 objects and are distinguished by the high percentage of items that are unique or exceptionally rare. The Morgan continues to acquire in the fields established by Pierpont Morgan and is one of only a handful of American institutions devoted to these specialized areas. The Drawing Institute, established in 2011, is devoted to the interpretation, conservation, and theory of old master and modern drawing with the goal of stimulating new lines of investigation and discourse. The Drawing Institute supports research through annual fellowships; publications; small, focused exhibitions; and an ongoing series of symposia, seminars, and lectures. 4002355 341462 Library and Museum Services: The Morgan Library & Museum is one of eighteen independent research libraries in the United States and, as such, makes its collections available to qualified researchers for study on-site in the Sherman Fairchild Reading Room and Drawing Study Center. An online catalog of the collections is accessible at www.themorgan.org and assists researchers both on- and off-site. Active digitization and publication programs help to extend the reach of the Morgan's scholarly services and support study of the collections.The Morgan has had professional paper and book conservation facilities since the 1950s, when they were among the first such labs in the United States. The Morgan's conservation facilities were dramatically enhanced with the 2002 completion of the Thaw Conservation Center. The Morgan's conservators oversee the preservation of the collections and also undertake surveys and treatment projects of discrete collection areas. The collections consist almost entirely of works on paper and related porous supports (vellum, parchment, papyri), and the conservators have developed special expertise in the conservation, restoration, and repair of such objects. Both a working and teaching facility, the Thaw Center receives requests for assistance from institutions in the United States and abroad. It offers advanced internships in conservation techniques and practices. 3761581 148694 Public Programs: In fiscal year 2019, 11,279 people attended a wide range of concerts, lectures, films, family programs and workshops, many by renowned artists and experts in their field. Music programming included concerts by numerous presenting organizations and performances inspired by the Morgan's exhibitions and collections. An active program of lectures and gallery talks primarily addressed themes related to exhibitions on view. Docents gave 599 tours of the Morgan's campus and exhibitions to over 10,711 visitors. The Morgan's school programs served 12,160 K-12 students of diverse communities. 2261234 786323 Museum Publications and Retail: The Morgan maintains an active publications program, producing catalogues related to its exhibitions and items in its permanent collections. These catalogues are made available to the public, along with other exhibition and collection-related merchandise, through the Morgan's on-site retail shop and through the Morgan's web site. 2261234 786323 20959330 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 127 0 1 267 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X Mary Schlitzer 2125900341 225 Madison Avenue New York NY 10016 Lawrence R Ricciardi President 5.00 X X 0 0 0 Richard L Menschel Vice President 3.00 X X 0 0 0 Clement C Moore II Vice President 3.00 X X 0 0 0 George L K Frelinghuysen Treasurer 3.00 X X 0 0 0 Thomas J Reid Secretary 3.00 X X 0 0 0 Susanna Borghese Trustee 1.00 X 0 0 0 T Kimball Brooker Trustee 1.00 X 0 0 0 Karen B Cohen trustee 1.00 X 0 0 0 Flobelle Burden Davis Trustee 1.00 X 0 0 0 Brian J Higgins Trustee 1.00 X 0 0 0 Jerker M Johansson Trustee 1.00 X 0 0 0 Martha McGarry Miller Trustee 1.00 X 0 0 0 John A Morgan Trustee 1.00 X 0 0 0 Patricia Morton Trustee 1.00 X 0 0 0 Diane A Nixon Trustee 1.00 X 0 0 0 Gary W Parr Trustee 1.00 X 0 0 0 Peter Pennoyer Trustee 1.00 X 0 0 0 Katharine J Rayner Trustee 1.00 X 0 0 0 Annette de la Renta Trustee 1.00 X 0 0 0 Joshua W Sommer Trustee 1.00 X 0 0 0 Robert King Steel Trustee 1.00 X 0 0 0 Beatrice Stern Trustee 1.00 X 0 0 0 Barbara Dau Trustee Ex Officio 1.00 X 0 0 0 Colin B Bailey Director 35.00 X X 601903 0 45651 Jessica B Ludwig Deputy Dir.& Asst.Secretary 35.00 X 224560 0 11144 Kristina W Stillman Dir. of Fin./Adm & Asst. Treasurer 35.00 X 283922 0 62012 Lauren Stakias Dir. of Institutional Advancement 35.00 X 226293 0 2153 John Bidwell Astor Curator, Dept Head,cur.chair 35.00 X 168581 0 22225 Mary Schlitzer Controller 35.00 X 161185 0 27661 John J Marciari Charles W Engelhard Curator and dept 35.00 X 145030 0 16312 Eileen M Curran Director of Events 35.00 X 135831 0 25062 1947305 0 212220 22 0 1 0 Beyer Blinder Belle 120 Broadway 20th Floor New York NY 10271 Construction Services 583707 Sciame Construction LLC 14 Wall Street New York NY 10005 Construction Services 466980 Allied Security Holdings LLC PO Box 828854 Philadelphia PA 19182 Security officers 419149 LaPlaca Cohen Advertising Inc 43 W 24th Street New York NY 10010 Advertising and Marketing 412810 Masterpiece International Ltd 39 Broadway 14th Floor New York NY 10006 Fine arts transporter 365393 11 2502321 731648 191376 17128245 2248311 20553590 Admissions and Ticket Sales 900099 2284013 2284013 Member Dues, Events, Access Fees 900099 1199961 809069 390892 Photographic Income 900099 154483 154483 244706 244706 3883163 9229723 9229723 8981 8981 74863581 73395542 1468039 1468039 1468039 92850 731648 92850 0 1400076 613753 786323 488274 298049 35929819 3980545 298049 11097635 317355 317355 1452336 790604 357783 303949 9388447 6787305 1586520 1014622 514947 390305 60637 64005 1289725 940151 191764 157810 645240 475508 90437 79295 102390 1035 101355 71818 71818 784966 784966 648736 530626 29917 88193 268743 246046 22697 458684 267412 92848 98424 203253 140650 30762 31841 535319 214244 58705 262370 459553 378434 47328 33791 3500271 2882415 360482 257374 250602 216235 20051 14316 Exhibition expenses 2294905 2294905 Building maintenance 1978234 1613990 208101 156143 Collection acquisitions 1445076 1445076 Publication expense 495323 495323 669821 531711 86850 51260 27775744 20959330 4203021 2613393 2278227 5269027 5825141 5910231 4132457 5756972 1246140 681040 204182 280761 1291268 3229996 155397052 60769667 97795453 94627385 79016014 72349023 175066691 181290702 990426 1095669 367845999 370490806 1780830 2072343 248815 784854 14569987 14597146 2246590 2378723 18846222 19833066 X 103267925 99421231 99833049 101181500 145898803 150055009 348999777 350657740 367845999 370490806 8154075 -6496112 0 X 0 1 X 1 0 X 12377324 20941256 10648563 14198466 20553590 78719199 12377324 20941256 10648563 14198466 20553590 78719199 10452040 68267159 2475244 2318569 3711948 7846222 9238704 25590687 104309886 21345883 0.65450 0.61000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 254363933 6570776 3416684 10933343 253418050 231265281 5781851 27081237 9764436 254363933 206308489 7622396 27229496 9895100 231265281 212109889 11952206 -7861021 9892585 206308489 191080273 13267683 14111933 6350000 212109889 0.07350 0.59070 0.33580 0 0 14974914 14974914 134153664 55076163 79077501 6268474 5693504 574970 94627385 Black Bear Offshore Liquidating Fund LTD SPC 178560 F CVI Emerging Markets Credit Value Fund Ltd. 11434708 F Cedar Rock Capital Partners LLC 21813240 F Charter Oak Partners 88477 F Coatue Offshore 11233651 F Eton Park Overseas Fund, LTD 22322 F Harbor Spring Capital Partners Offshore Ltd. 10563460 F LC Capital Offshore Fund 4012859 F New Generation 10511076 F Old Lane India Opportunities Fund, LP 759510 F Overlook Partners Fund LP 14291208 F Praesidium Strategic Opportunities Offshore 11781058 F Silchester International Value Equity Trust 20579918 F Steadfast International 14460409 F Turiya Fund 5835113 F Davidson Kempner Institutional Partners 12111569 F Kabouter Int'l Opportunities Offshore 6195629 F Golub Capital Partners International II, LP 2703074 F Accolade Partner VI, LP 1620668 F Nitorum Offshore Fund, Ltd. 10917925 F Cape Ann Global Developing Markets Fund 4823518 F Green Court Capital 5352750 F 181290702 Accrued Post-Retirement Health Benefits 1283053 Section 457(b) Retirement Plan Liability 1095670 2378723 29355344 -6496112 706603 -5789509 35144853 784966 784966 35929819 27697381 706603 706603 26990778 784966 784966 27775744 Part III, Line 1a: The Morgan's collections are maintained under curatorial care and are held for research, education and public exhibition. It is the Morgan's policy that any proceeds from the sales of collection items be used for acquisitions for the collections. The Morgan excludes the carrying value of collections from its statement of financial position. Acquisitions for the collections are reflected as decreases in the Morgan's unrestricted net assets in the year in which the items are acquired. Contributed collection items are not reflected in the Morgan's financial statements. Part III, Line 4: The extraordinary group of medieval and Renaissance manuscripts; printed books and bindings; literary, historical, and music manuscripts; master drawings; and ancient cylinder seals that Pierpont Morgan brought together were among the first important collections of their kind in America. From these core holdings, the Morgan's collections have grown to more than 500,000 objects that in their respective fields are among the finest in the world. The Morgan continues to acquire in the fields established by Pierpont Morgan and is one of only a handful of American institutions devoted to collecting and exhibiting in these specialized areas. The collections now also include Photography and Modern & Contempary Drawings. In addition, the Morgan presents a broad range of public offerings (lectures, concerts, adult and children's educational programs) based on the collections. Part V, Line 4: The Morgan's endowment consists of numerous individual funds established for a broad range of institutional purposes and includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. Part XI, Line 2d - Other Adjustments: Publications / Shop revenue-net of expenses-Form 990 Part VIII Line 10b 613,753. Fundraising Events revenue-net of direct expenses-Form 990 Part VIII Line 8b 92,850. other Part XII, Line 2d - Other Adjustments: Publications / Shop expenses-net against revenue-Form 990 Part VIII Line 10b 613,753. Fundraising Events expenses-net against revenue-Form 990 Part VIII Line 8b 92,850. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 118073674 0 0 0 0 0 0 118073674 0 118073674 1 0 1 0 0 0 Spring Luncheon 188150 148150 40000 40000 Winter Benefit-Gala 636348 583498 52850 52850 824498 731648 92850 92850 92850 0 1 Conservation Fellowships 3 95957 N/A N/A Curatorial Fellowships 3 106445 N/A N/A Drawing Institute 6 114953 N/A N/A Part I, Line 2: Fellowships in Conservation are intended to further the education and training of conservators early in thier careers while contributing to the ongoing program of treatment, research and education in the Thaw Conservation Center. Fellowships are awarded to recent graduates holding a diploma, master's degree, Ph.D. and/or advanced certificate in conservation from a graduate program in museum/library conservation or its equivalent. Applications from qualified candidates are evaluated according to: * Suitability of the proposed treatment project or area of research for the Thaw Conservation Center * Demonstrated knowledge and skills to successfully complete the project within the proposed time frame * An active interest in education, public outreach and advocacy for the conservation profession * Letters of recommendation from persons acquainted with the qualifications, character, and scholarship of the applicant * Performance during the interview process Curatorial Fellowships in the Morgan's Drawings and Prints Department and Photography Department further the education and training of curators early in their careers while contributing to departmental activities, including exhibitions, publications, and collection research. Applications from qualified applicants are evaluated according to: * Suitability of applicant's research interests and experience to the planned activities of the department * Demonstrated research and writing skills * Knowledge or strong interest in the field of old master drawings * An active interest in curatorial work, including daily administrative activities, communications and public speaking, and scholarly research * Letter of recommendation from persons acquainted with the qualifications, character, and scholarship of the applicant * Performance during the interview process The Drawing Institute is devoted to the study of the history, collecting, function, interpretation, conservation, and theory of old master and modern drawing with the goal of stimulating new lines of investigation and discourse. The Drawing Institute supports research through annual fellowships; publications; small, focused exhibitions; and an ongoing series of symposia, seminars, and lectures. Cooperative programming and joint fellowships with the Menil Drawing Institute and Study Center in Houston are a further component of the Drawing Institute's program. Applicants are asked to submit the following: * A cover letter incorporating a personal statement indicating area of interest and expertise * A curriculum vitae * A research proposal (maximum three pages, double-spaced) * Two publications (or excerpts thereof) or writing samples, at least one of which must be in English, not to exceed ten pages each * Two letters of recommendation from academic or professional supervisors or colleagues, on letterhead and submitted as a PDF, or as an email sent directly from recommender X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Colin B Bailey Director 601903 0 0 0 0 0 35194 0 10457 0 647554 0 0 0 Jessica B Ludwig Deputy Dir.& Asst.Secretary 224560 0 0 0 0 0 0 0 11144 0 235704 0 0 0 Kristina W Stillman Dir. of Fin./Adm & Asst. Treasurer 283922 0 0 0 0 0 35194 0 26818 0 345934 0 0 0 Lauren Stakias Dir. of Institutional Advancement 226293 0 0 0 0 0 0 0 2153 0 228446 0 0 0 John Bidwell Astor Curator, Dept Head,cur.chair 168581 0 0 0 0 0 17314 0 4911 0 190806 0 0 0 Mary Schlitzer Controller 161185 0 0 0 0 0 0 0 27661 0 188846 0 0 0 John J Marciari Charles W Engelhard Curator and dept 145030 0 0 0 0 0 13381 0 2931 0 161342 0 0 0 Eileen M Curran Director of Events 135831 0 0 0 0 0 12279 0 12783 0 160893 0 0 0 Part I, Line 1a The Morgan paid dues associated with one social club for Mr. Bailey which was used for business purposes. A The Trust for Cultural Resources of The City of New York 911882413 649717MW2 2004-01-22 50000000 Construction, renovation, and equipping a portion of the Morgan's facility. 0 0 0 A 35000000 50000000 828776 2006 0 0 1 1 A 0 0 0 0 0.02410 0.01510 0.03920 0 0 1 A 0 0 0 1 1 0 1 AIG matched funding 1.600000000000 1 0 1 A 1 Date Rebate Computation Performed Issuer Name: The Trust for Cultural Resources of The City of New York Date the Rebate Computation was Performed: 01/22/2014 X 212 0 X 35 2248311 Quoted Market Price 15 0 1 0 Part I, Line 33: No amount is reported on Form 990, Part VIII, Statement of Revenue, line 1g, because the Morgan does not capitalize its collections, as permitted under generally accepted accounting principles. Form 990, Part VI, Section A, line 1 The By-Laws provide for an Executive Committee that shall have the powers of the Board of Trustees, with certain exceptions, and the ability to exercise its powers between meetings of the Board of Trustees. The Executive Committee shall consist of three or more members of the Board of Trustees, including the President and the Director. As of March 31, 2019, there were nine such Trustee members. In addition, three Life Trustees served as advisory members. Form 990, Part VI, Section A, line 2 John A. Morgan and Peter M. Pennoyer have a family relationship. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by the Director of Finance and Administration/CFO, the Director, and the Audit Committee, and was made available to all voting members of the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Disclosure forms are distributed annually to officers, members of the Board, and key employees. Responses are reviewed by the Secretary, who provides a copy of all completed disclosure statements to the Chairman of the Audit Committee and periodically updates the Chairman regarding compliance with disclosure requirements. The conflict of interest policy establishes a procedure under which the Audit Committee reviews, addresses, and documents its determination regarding a potential conflict of interest. Form 990, Part VI, Section B, line 15 The Compensation Committee of the Board of Trustees reviews and determines compensation for key employees, utilizing comparable data from sources they deem appropriate. Form 990, Part VI, Section C, line 19 Requests for copies of the Morgan's governing documents, conflict of interest policy, and financial statements are evaluated on a case-by-case basis.