2019-05-13T14:53:05-05:00 2018-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2017-07-01 111672743 THE BROOKLYN INSTITUTE OF ARTS AND SCIENCES % KEN KEATING BROO 7185016200 200 EASTERN PARKWAY BROOKLYN NY 112386052 BARBARA M VOGELSTEIN chairman 7185016200 2019-05-13 true Scott Thompsett P00741490 2125990100 209.220.136.124 26377520191335000011 2019-05-13 P 32778C9288487CCB557400271BF2B2D8D9E2E3C7 7D14034AF515942D2ABE7F7E27EA16D2649DB046 2017 2019-02-21 02:37:17Z BROOKLYN MUSEUM Anne Pasternak 200 EASTERN PARKWAY BROOKLYN NY 112386052 57671765 false X WWW.BROOKLYNMUSEUM.ORG X 1890 NY THE MISSION OF THE BROOKLYN MUSEUM IS TO CREATE INSPIRING ENCOUNTERS WITH ART THAT EXPAND THE WAYS WE SEE OURSELVES, THE WORLD AND ITS POSSIBILITIES. 43 43 503 100 28303 0 20728101 25935761 5737596 10148159 5439031 4587117 1233997 3167489 33138725 43838526 0 0 0 0 27644852 27375900 50400 39249 3454529 16160737 16008356 43855989 43423505 -10717264 415021 315077737 317527226 42952951 39216437 272124786 278310789 X THE MISSION OF THE BROOKLYN MUSEUM IS TO CREATE INSPIRING ENCOUNTERS WITH ART THAT EXPAND THE WAYS WE SEE OURSELVES, THE WORLD AND ITS POSSIBILITIES. OUR VISION IS TO PROVIDE A FORUM WHERE GREAT ART AND COURAGEOUS CONVERSATIONS (CONTINUED ON SCHEDULE O) false false 23283417 0 3212494 CURATORIAL AND EDUCATIONAL CURATORIAL - THE BROOKLYN MUSEUM STUDIES, PRESERVES AND EXHIBITS A VAST AND COMPREHENSIVE COLLECTION THAT SPANS NEARLY 5,000 YEARS OF HISTORY AND REPRESENTS CULTURES FROM AROUND THE GLOBE. PERMANENT INSTALLATIONS PRESENT THE MUSEUM'S COLLECTIONS OF ARTS OF THE AMERICAS AND EUROPE; ARTS OF ANCIENT EGYPT, AFRICA, ASIA, AND THE MIDDLE EAST; CONTEMPORARY, AND FEMINIST ART. SEVERAL OF THE MUSEUM'S COLLECTIONS ARE CONSIDERED TO BE AMONG THE HIGHEST QUALITY IN THE WORLD, INCLUDING ITS AMERICAN AND EGYPTIAN ART COLLECTIONS. (CONTINUED ON SCHEDULE O) 7605223 0 1138744 SPECIAL EXHIBITIONS BROOKLYN MUSEUM PIONEERS THE PRESENTATION AND INTERPRETATION OF THE VISUAL AND ARTISTIC HERITAGE OF WORLD CULTURES. A WELL-ROUNDED SELECTION OF EXHIBITIONS REINFORCES THE MUSEUM'S LEADERSHIP IN ARTS SCHOLARSHIP. IN FY18, 12 SPECIAL EXHIBITIONS AND INSTALLATIONS DEVELOPED AND EXTENDED THE CULTURAL AND ART HISTORICAL THEMES OF THE MUSEUM'S COLLECTION. THESE EXHIBITIONS ATTRACTED ROBUST PUBLIC ATTENTION AND ENGAGED AUDIENCES OF ALL BACKGROUNDS AND AGES IN THE VISUAL ARTS. 1893547 0 5796921 PUBLIC AFFAIRS AND INFORMATION IN FY18, OVER 652,888 VISITORS EXPLORED OUR EXTRAORDINARY PERMANENT COLLECTIONS, ATTENDED SPECIAL EXHIBITIONS AND PARTICIPATED IN OUR PUBLIC PROGRAMS. 1013659 0 1649001 MERCHANDISE OPERATIONS 1013659 0 1649001 33795846 true true false true false false false true false true true true false false true true true false false false true false false true true false false false false true false false false false false false false false true false false false false false false false false true 164 0 true 503 true true true false false false false true true false false false false X 43 43 false false false false false false false true true false false true true true true true true true true false NJ NY X KEN KEATING 7185016200 200 EASTERN PARKWAY BROOKLYN NY 112386052 Barbara M Vogelstein BOARD Chair 2.0 0.0 X X 0 0 0 Stephanie Ingrassia TRUSTEE/VICE CHAIR 2.0 0.0 X X 0 0 0 Leslie A Puth TRUSTEE/VICE CHAIR 2.0 0.0 X X 0 0 0 Sharon E Fay TRUSTEE/Treasurer 2.0 0.0 X X 0 0 0 Saundra Williams-Cornwell TRUSTEE/Secretary 2.0 0.0 X X 0 0 0 Sarah Arison Trustee 2.0 0.0 X 0 0 0 Tamara Belinfanti Trustee 2.0 0.0 X 0 0 0 Adele Bernhard Trustee 2.0 0.0 X 0 0 0 Jill K Bernstein Trustee 2.0 0.0 X 0 0 0 Richard M Cashin Trustee 2.0 0.0 X 0 0 0 James S Chanos Trustee (AS OF 04/18) 2.0 0.0 X 0 0 0 Constance L Christensen Trustee 2.0 0.0 X 0 0 0 Rona Citrin Trustee (AS OF 01/18) 2.0 0.0 X 0 0 0 Andrew Cogan Trustee 2.0 0.0 X 0 0 0 Kasseem Dean Trustee 2.0 0.0 X 0 0 0 Barbara Knowles Debs Trustee emeritus (Non-Voting) 2.0 0.0 X 0 0 0 Nikola Duravcevic Trustee 2.0 0.0 X 0 0 0 Henry B Elsesser Trustee 2.0 0.0 X 0 0 0 Norman M Feinberg Trustee 2.0 0.0 X 0 0 0 JOSEPH G FINNERTY III Trustee 2.0 0.0 X 0 0 0 Karen Kiehl Trustee 2.0 0.0 X 0 0 0 TERRENCE P LAUGHLIN Trustee 2.0 0.0 X 0 0 0 Susana Torruella Leval Trustee 2.0 0.0 X 0 0 0 Lynne M Maguire Trustee 2.0 0.0 X 0 0 0 Joel Mallin Trustee 2.0 0.0 X 0 0 0 RICHARD W MOORE Trustee 2.0 0.0 X 0 0 0 Vik Muniz Trustee 2.0 0.0 X 0 0 0 Otis Pratt Pearsall TRUSTEE EMERITUS (Non-Voting) 2.0 0.0 X 0 0 0 Cecilia Picon Torres Trustee 2.0 0.0 X 0 0 0 Tracey G Riese Trustee 2.0 0.0 X 0 0 0 Victoria Rogers Trustee 2.0 0.0 X 0 0 0 Robert S Rubin Trustee (THRU 03/18) 2.0 0.0 X 0 0 0 Elizabeth A Sackler Trustee 2.0 0.0 X 0 0 0 Carla Shen Trustee 2.0 0.0 X 0 0 0 Neil Simpkins Trustee (AS OF 06/18) 2.0 0.0 X 0 0 0 Daniel Swasbrook Trustee 2.0 0.0 X 0 0 0 John S Tamagni TRUSTEE EMERITUS (Non-Voting) 2.0 0.0 X 0 0 0 Ellen N Taubman Trustee 2.0 0.0 X 0 0 0 Mickalene Thomas Trustee 2.0 0.0 X 0 0 0 Fred Tomaselli Trustee 2.0 0.0 X 0 0 0 Amanda Waldron Trustee 2.0 0.0 X 0 0 0 Susan Weber Trustee 2.0 0.0 X 0 0 0 MAYOR BILL DE BLASIO EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 SPEAKER COREY joHNSON EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 COMPTROLLER SCOTT STRINGER EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 BOROUGH PRESIDENT ERIC ADAMS EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 DCA COMMISSR TOM FINKELPEARL EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 Anne Pasternak Museum Director 35.0 0.0 X 519946 0 77925 David L Berliner President & COO 35.0 0.0 X 337646 0 52426 Francesca Lisk GENERAL COUNSEL 35.0 0.0 X 172358 0 23322 Shannon Sharp CFO (as of 03/17) 35.0 0.0 X 148753 0 36111 Hope O'reilly DEPUTY DIR. FOR DEVELOPMENT 35.0 0.0 X 299450 0 57636 Jean- Jerome Peytavi Marketing and Comm Dir. 35.0 0.0 X 161979 0 31907 James Kelly Vice Director of Operations 35.0 0.0 X 150766 0 55270 Andrea Yglesias Director of Individual Giving 35.0 0.0 X 139280 0 31402 Sallie Stutz thru 0117 director of Merchandising 35.0 0.0 X 123687 0 14980 John-Andrew Forde Director of Corp. Relations 35.0 0.0 X 121695 0 20048 Sharon Atkins Dir. Of Curatoria Affairs 35.0 0.0 X 119048 0 51137 Elizabeth Reynolds Chief Registrar (thru 02/17) 35.0 0.0 X 120023 0 11104 2414631 0 463268 16 false true false Nouveau Elevator Industries 47-55 37th street LONG ISLAND CITY NY 11101 elevator maintenance 1060417 great performances 304 hudson street NEW YORK NY 10013 catering services 562462 armand hammer museum of art 10899 wilshire blvd LOS ANGELES CA 900244343 Woman Exhibition exp 333238 liberty controls inc 15-05 132nd street COLLEGE POINT NY 11356 materials & repairs 230542 artex inc 8712 jericho city drive LANDOVER MD 207854761 shipping & packing 191387 17 1643134 1667961 8805271 13819395 634221 25935761 ADMISSIONS/PUBLIC AFFAIRS 561499 5796921 5796921 EXHIBITION AND LOAN FEES 900099 3212494 2889145 323349 SPECIAL EXHIBITIONS 611710 1138744 1138744 10148159 1921043 28303 1892740 0 0 1204541 1204541 0 1204541 1204541 13823158 95200 11252284 2570874 95200 2666074 2666074 243810 1667961 573999 -330189 -330189 0 0 0 3655957 2006956 1649001 1649001 FEES 900099 487123 487123 CAFE REVENUE 900099 157013 157013 644136 43838526 11473811 28303 6400651 0 0 0 0 2733047 2061567 373033 298447 0 15671738 11821364 2139032 1711342 7473356 5871599 1021582 580175 0 1497759 1125008 199854 172897 0 61200 61200 92971 92971 110600 110600 39249 39249 500330 500330 2715603 2014808 431903 268892 688119 683024 174 4921 2241764 1866250 99124 276390 500759 108863 370262 21634 0 0 342275 305654 11316 25305 0 13339 6592 1276 5471 0 0 5724768 5495646 181414 47708 329548 72005 257543 FOOD AND ENTERTAINMENT 358059 309347 48712 ART ACQUISITION 636020 636020 EXHIBIT & CATALOG FEES 158262 158229 33 RESEARCH AND CURATORIAL 136056 116491 17500 2065 1398683 1143379 255304 43423505 33795846 6173130 3454529 9054638 8882795 9483900 3161023 6572046 6853608 665160 1046100 0 0 0 0 0 0 665872 802506 1206547 1583284 230555465 60660476 173547231 169894989 69514835 70220796 42858249 53811125 0 0 0 0 1509259 1271000 315077737 317527226 4426622 4544013 0 0 655886 796035 0 0 0 0 0 0 4762283 2799250 0 0 33108160 31077139 42952951 39216437 X 134270017 165174625 68525521 20007661 69329248 93128503 272124786 278310789 315077737 317527226 X 415021 3031318 2739664 X X false true X true false X 39543389 18923575 27066392 20728101 25935761 132197218 0 2181029 1987371 1688203 1716605 1897704 9470912 41724418 20910946 28754595 22444706 27833465 141668130 11884718 129783412 1581253 1674113 1922712 1640715 3125584 9944377 0 311140 484395 850758 791319 887946 3325558 154938065 36074166 0.83765 0.80409 X false true false false false false false false true 110600 110600 false FORM 990, SCHEDULE C, PART II-B, LINE 1, LOBBYing ACTIVITIES IN FISCAL YEAR 2018, THE MUSEUM ENGAGED THIRD PARTY CONSULTANTS TO conduct LOBBYING ACTIVITIES ON ITS BEHALF. IN ADDITION, THE MUSEUM'S ON-STAFF GOVERNMENT RELATIONS OFFICER REPRESENTED THE MUSEUM IN CONNECTION WITH VARIOUS GOVERNMENTAL RELATIONS MATTERS AND COMMUNICATED WITH LEGISLATIORS AND OTHER GOVERNMENT OFFICIALS. TYPE NAME SCOPE COSTS CONSULTANT CONNELLY, McLaughlin & WOLOZ NYC $55,000 BENDER CANTONE CONSULTING ALBANY, NY $55,600 ------- TOTAL $110,600 X X X X true 111618222 1573658 6989091 11213155 108967816 104796661 1011960 13232196 7422595 111618222 64362196 1722755 -729213 -39440923 104796661 63174262 2540816 28277 1381159 64362196 58824506 2248911 3597683 1496838 63174262 0.10000 0.49000 0.41000 false false 0 225516861 60276256 165240605 0 1758368 384220 1374148 0 3280236 3280236 169894989 COMMINGLED FUNDS 13125967 F INTERNATIONAL EQUITY FUNDS 11721946 F HEDGE FUNDS 20339954 F FUNDS OF FUNDS 8623258 F 53811125 0 ACCRUED POSTRETIREMENT BENEFITS 31077139 31077139 X 47624321 3031318 1897704 -3223852 1705170 45919151 500330 -2580955 -2080625 43838526 46765814 1897704 2580955 4478659 42287155 500330 636020 1136350 43423505 form 990, schedule D, Part III, LINE 1A THE MUSEUM'S ART COLLECTION IS MADE AVAILABLE TO ITS MEMBERS AND THE PUBLIC TO ENCOURAGE AND EXPAND THE STUDY AND APPRECIATION OF ART THROUGH A PROGRAM OF PUBLIC EXHIBITIONS, EDUCATION AND RESEARCH. Components of the Museums collection, which have been acquired through purchases and contributions, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded in the years in which the items are acquired as decreases in net assets in accordance with donor restrictions on the assets used to purchase the items. Contributed collection items are not reflected on the financial statements because the Museum does not hold collection items for sale. Proceeds from deaccessions are added to deaccession funds within net assets without donor restrictions, and are used to acquire other items for the collection and related care. FORM 990, SCHEDULE D, PART III, LINE 4 DESCRIPTION OF THE COLLECTION: THE BROOKLYN MUSEUM HOLDS COLLECTIONS THAT ARE BOTH BROAD AND DEEP, AND INCLUDE ART FROM AROUND THE WORLD AND FROM ANCIENT TIMES TO THE PRESENT. AS OF FY18, THE BROOKLYN MUSEUM'S COLLECTIONS ARE ORGANIZED AS FOLLOWS: 1. ARTS OF THE AMERICAS AND EUROPE A. AMERICAN ART B. EUROPEAN ART C. ARTS OF THE AMERICAS D. DECORATIVE ARTS 2. ARTS OF ANCIENT EGYPT, AFRICA AND ASIA A. EGYPTIAN ART B. AFRICAN ART C. ART OF THE PACIFIC ISLANDS D. ASIAN ART E. ARTS OF THE MIDDLE EAST 3. CONTEMPORARY ART A. CONTEMPORARY ART B. PHOTOGRAPHY 4. ELIZABETH A. SACKLER CENTER FOR FEMINIST ART THESE CURATORIAL DIVISIONS ARE OVERSEEN BY THE DEPUTY DIRECTOR AND CHIEF CURATOR, WHO, IN TURN OVERSEES SENIOR AND JUNIOR CURATORS WORKING IN EACH OF THE COLLECTION AREAS. THE LIBRARY, CONSERVATION, REGISTRAR, EXHIBITIONS, AND COLLECTIONS MANAGEMENT DEPARTMENTS ASSIST WITH THE PRESERVATION, CATALOGUING, AND EXHIBITION OF WORKS FROM THE COLLECTION. THE BROOKLYN MUSEUM HAS ONE OF THE GREATEST COLLECTIONS IN THE COUNTRY; REENVISIONING THE COLLECTIONS' MEANING AND CONNECTION TO OUR WORLD AND AUDIENCES TODAY ENSURES ITS RELEVANCE AND VITALITY. THE BROOKLYN MUSEUM SEES ISSUES OF COLLECTING AS STRATEGICALLY INSEPERABLE FROM THE CONCERNS OF PRESENTATION IN OUR GALLERIES. BRINGING OUR VAST PANORAMA OF OBJECTS SUCCESSFULLY INTO THE FUTURE REQUIRES US TO MOVE AWAY FROM STRICTLY COMPARTMENTALIZED CONNOISSEURSHIP, INSTEAD THINKING ABOUT OUR COLLECTION AS A VITAL WHOLE. TODAY, OUR KNOWLEDGE OF HOW ART HISTORY AND SOCIAL HISTORY INTERACT ENCOURAGES US TO PRESENT THE MUSEUMS EXPANSIVE HOLDINGS FROM A GLOBAL PERSPECTIVE, WITH PERMEABLE BOUNDARIES RATHER THAN RESTRICTIVE GEOGRAPHICAL OR HISTORICAL BORDERS. TO ACCOMPLISH THESE GOALS, EVERY OBJECT IN OUR COLLECTION MUST HELP US TO TELL THE STORY OF ART, BOLDLY AND COMPELLINGLY TO OUR DIVERSE AUDIENCES. THE BETTER WE TELL THE STORY, THE BROADER AND DEEPER OUR AUDIENCES PARTICIPATION IN IT WILL BE. BUILDING THE COLLECTION: NEW ACQUISITIONS ARE GUIDED BY A COLLECTIONS PLAN THAT WAS OFFICIALLY ADOPTED BY THE BOARD OF TRUSTEES AND IS REVIEWED BY THE COLLECTIONS COMMITTEE AND THE CURATORIAL TEAM ON A REGULAR BASIS. NEW ACQUISITIONS ARE CONSIDERED ACCORDING TO THE FOLLOWING CRITERIA: - WILL THE WORK BE IMMEDIATELY USEFUL IN THE GALERIES AND WILL IT EXPAND THE VISITOR EXPERIENCE THERE? - WILL THE WORK BE TRANSFORMATIVE FOR THE COLLECTION? - CAN IT BE USED TO ILLUMINATE MORE THAN ONE COLLECTION AREA, AND BRIDGE THE GAPS BETWEEN COLLECTIONS AND CULTURES? - IS IT AN OBJECT OF TRUE EXCELLENCE, FULLY AUTHENTIC AND IN GOOD CONDITION? - DOES IT HAVE SPECIAL REASONANCE WITH WORKS ALREADY IN THE COLLECTION? WILL IT INCREASE THE USEFULNESS OF EXISTING COLLECTIONS BY MAKING THEM MORE UNDERSTANDABLE? IN FY18, 652,888 VISITORS EXPLORED THE MUSEUM'S WIDE-RANGING COLLECTIONS. ADDITIONALLY, 12 SPECIAL EXHIBITIONS, 9 TOURING EXHIBITIONS AND 8 LONG-TERM INSTALLATIONS DEVELOPED AND EXTENDED CULTURAL AND ART HISTORICAL THEMES SUPPORTED BY THE MUSEUM'S RICH COLLECTIONS. FORM 990, SCHEDULE D, PART V, COLUMN (B), LINE 1E THE MUSEUM ADOPTED ASU-2016-14 DURING THE YEAR ENDED JUNE 30, 2017. IN ACCORDANCE WITH THAT STANDARD THE MUSEUM WAS REQUIRED TO RECORD A CUMULATIVE EFFECT ADJUSTMENT TO REFLECT UNDERWATER BALANCES WITHIN THE NET ASSETS WITH DONOR RESTRICTION CATEGORY. HISTORICALLY, SUCH LOSSES WERE REFLECTED WITHIN THE NET ASSETS WITHOUT DONOR RESTRICTION CATEGORY. FORM 990, SCHEDULE D, PART V, LINE 4 THE BOARD, IN COMPLIANCE WITH APPLICABLE STATE REGULATIONS, WILL APPROPRIATE AS MUCH ENDOWMENT RETURN FOR EXPENDITURES AS IS PRUDENT CONSIDERING THE MUSEUM'S LONG AND SHORT-TERM NEEDS, PRESENT AND ANTICIPATED FINANCIAL REQUIREMENTS, EXPECTED TOTAL RETURN ON ITS INVESTMENTS, PRICE-LEVEL TRENDS AND GENERAL ECONOMIC CONDITIONS. UNDER THE MUSEUM'S SPENDING POLICY AS OF FY18, A PERCENTAGE OF THE AVERAGE MARKET VALUE OF CERTAIN INVESTMENTS OVER THE TWENTY QUARTERS ENDING ON DECEMBER 31 IS MADE AVAILABLE ON EACH JULY 1 TO SUPPORT CURRENT OPERATIONS OF THE MUSEUM AND CERTAIN NON-OPERATING ACTIVITIES AS DESIGNATED BY THE BOARD. FORM 990, SCHEDULE D, PART X, LINE 2 FIN 48 THE MUSEUM FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE MUSEUM HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE MUSEUM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, THE MUSEUM HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. FORM 990, SCHEDULE D, PART XI, LINE 2D CHANGE IN POSTRETIREMENT HEALTH BENEFITS $2,905,071 DEPRECIATION OF CAPITAL ($5,327,496) ACQUISITIONS OF WORKS OF ART ($636,020) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS ($165,407) ------------ TOTAL SCHEDULE D, PART XI, LINE 2D ADJUSTMENT ($3,223,852) FORM 990, SCHEDULE D, PART XI, LINE 4B COST OF GOODS SOLD ($2,006,956) fundraising expenses (573,999) ------------ TOTAL SCHEDULE D, PART XI, LINE 4B ADJUSTMENT ($2,580,955) FORM 990, SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD $2,006,956 fundraising expenses 573,999 ------------ TOTAL SCHEDULE D, PART XII, LINE 2D ADJUSTMENT $2,580,955 FORM 990, SCHEDULE D, PART XII, LINE 4B Acquisitions of works of art $636,020 ------------ TOTAL SCHEDULE D, PART XII, LINE 4B ADJUSTMENT $636,020 true Central America and the Caribbean 0 0 Investments 13888528 Sub-Saharan Africa 0 0 Investments 971150 0 0 0 0 14859678 14859678 true false true true false false FORM 990, SCHEDULE F, PART IV THE BROOKLYN MUSEUM INVESTS DIRECTLY IN CORPORATIONS DOMICILED OUTSIDE THE UNITED STATES AND IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, BROOKLYN MUSEUM'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. X X X X X X X true Daniller Company 3724 jefferson street ste 302 austin TX 78731 fundraising consultants false 270000 39249 230751 270000 39249 230751 NJ NY Spring Gala 1538821 1384666 154155 73129 134785 28017 199830 Fall Gala 305775 244375 61400 28938 44212 14692 22930 1 67175 38920 28255 5463 10394 4657 6952 1911771 1667961 243810 107530 189391 47366 229712 573999 -330189 FORM 990, SCHEDULE G, PART I, LINE 2B (COLUMN V) EXPLANATION FOR PAYMENT TO DANILLER & COMPANY - DANILLER & COMPANY CREATED AND PRODUCED A MEMBERSHIP DIRECT MAIL & EMAIL CAMPAIGN FOR THE DAVID BOWIE IS EXHIBITION, AND ANALYZED RESULTS. DANILLER & COMPANY CHARGED A MANAGEMENT AND PROJECT FEE OF FOR THESE CONSULTATION SERVICES. X X X X X true false false false false false false false false Anne Pasternak Museum Director 516949 0 0 0 2997 0 34014 0 43911 0 597871 0 0 0 David L Berliner President & COO 335021 0 0 0 2625 0 17240 0 35186 0 390072 0 0 0 Francesca Lisk GENERAL COUNSEL 171602 0 0 0 756 0 23322 0 0 0 195680 0 0 0 Shannon Sharp CFO (as of 03/17) 119207 0 0 0 29546 0 11174 0 24937 0 184864 0 0 0 Hope O'reilly DEPUTY DIR. FOR DEVELOPMENT 297950 0 0 0 1500 0 17240 0 40396 0 357086 0 0 0 Jean- Jerome Peytavi Marketing and Comm Dir. 161277 0 0 0 702 0 20980 0 10927 0 193886 0 0 0 James Kelly Vice Director of Operations 148853 0 0 0 1913 0 17234 0 38036 0 206036 0 0 0 Andrea Yglesias Director of Individual Giving 138707 0 0 0 573 0 9258 0 22144 0 170682 0 0 0 Sharon Atkins Dir. Of Curatoria Affairs 118530 0 0 0 518 0 15443 0 35694 0 170185 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 4A Highly Compensated Employee, Sallie Stutz, received a severance payment in the amount of $95,958 in calendar year 2017. X 12 634221 false true true FORM 990, SCHEDULE M, PART I (COLUMN B) THE ORGANIZATION IS REPORTING THE NUMBER OF DONORS IN PART 1, COLUMN (B) OF SCHEDULE M. FORM 990, SCHEDULE M, PART I, LINE 32B THE BROOKLYN MUSEUM OCCASIONALLY CONTRACTS WITH COMMERCIAL AUCTION HOUSES SUCH AS SOTHEBY'S OR CHRISTIE'S TO SELL CONTRIBUTIONS OF WORKS OF ART OR PERSONAL PROPERTY. THESE GIFTS MAY BE WORKS THAT HAVE BEEN PART OF THE COLLECTION WHICH HAVE BEEN DEACCESSIONED, OR THEY MAY, LESS FREQUENTLY, BE WORKS OF ART OR PERSONAL PROPERTY DONATED TO THE MUSEUM WITH THE SPECIFIC INTENTION THAT THEY BE SOLD TO REALIZE FUNDS IN CASH. THE BROOKLYN MUSEUM HAS STANDING CONTRACTS WITH SOME AUCTION HOUSES OUTLINING TERMS AND CONDITIONS FOR THIS PURPOSE; WITH OTHER AUCTION HOUSES, TERMS AND CONDITIONS ARE NEGOTIATED ON A CASE-BY-CASE BASIS. FORM 990, SCHEDULE M, PART I, LINE 33 REVENUE NOT REPORTED. IN PART I, COLUMN C CONTRIBUTED ARTWORK COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS BECAUSE THE MUSEUM DOES NOT HOLD COLLECTION ITEMS FOR RESALE. COMPONENTS OF THE MUSEUM'S COLLECTION, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN THE YEARS IN WHICH THE ITEMS ARE ACQUIRED AS DECREASES IN NET ASSETS. Form 990, part III, line 1 CONTINUATION OF ORGANIZATIONS MISSION STATEMENT ARE CATALYSTS FOR A MORE CONNECTED, CIVIC, AND EMPATHETIC WORLD. With roots extending from 1825, the Museum is one of the oldest and largest art museums in the United States. Its encyclopedic collection represents more than 5,500 years of artistic creativity, housed in a grand 560,000 square-foot Beaux Arts building designed by McKim, Mead & White. Generally considered to be among the highest quality are the ancient Egyptian collection; the Arts of the Americas collection, which includes Pre-Columbian objects, Spanish colonial painting, as well as 19th and early 20th century American painting, sculpture and decorative arts; and the Asian and Middle Eastern collections. The Museum is also home to the Elizabeth A. Sackler Center for Feminist Art, the only center of its kind in a museum. A distinguished record of groundbreaking exhibitions, canon-expanding scholarship, and rich education and public programs, which draw an audience of half a million each year, further enhance our world-renowned holdings. The Museum is grounded in the early egalitarian ideals of our nation; from the very beginning, our essential purpose has been THE "EDUCATION AND INSPIRATION OF ALL THE PEOPLE." ALWAYS AN an innovator, the Brooklyn Museum has launched many firsts, including the groundbreaking retrospective of Georgia OKeeffe in 1927. The Museum was also the first art museum in the U.S. to launch a formal education department, in-house conservation, and a photography school; build a large-scale collection of Korean art; and mount a major survey of African art. Nearly 200 years ago the Museum began by preparing Brooklyns unemployed and uneducated boys and men for the workforce, before the advent of free public education in New York City, offering instruction in grammar; writing; bookkeeping; and architectural, figural, mechanical and landscape drawing. And today more than one-third of our annual visitorship benefits from the Museums education programs, which provide vital opportunities to draw personal connections to world-class collections and exhibitions; strengthen lifelong learning and critical thinking; and foster inclusion. FORM 990, PART III, LINE 4A CURATORIAL AND EDUCATIONAL (CONTINUED) TRAVELING EXHIBITIONS PROVIDE UNIQUE OPPORTUNITIES FOR AUDIENCES FROM ACROSS THE GLOBE TO EXPERIENCE WORKS FROM THE MUSEUM'S RENOWNED COLLECTION. IN FY18, 9 TRAVELING EXHIBITIONS WERE DRAWN FROM THE COLLECTION FOR PRESENTATION. EDUCATION - INNOVATIVE EDUCATION AND PUBLIC PROGRAMS SERVED APPROXIMATELY 205,024 K-12 STUDENTS, TEACHERS, FAMILIES AND ADULTS THIS YEAR. THROUGH EXPLORING THE COLLECTION AND SPECIAL EXHIBITIONS AND THROUGH HANDS-ON ART-MAKING, THESE PROGRAMS STRENGTHEN CLASSROOM LEARNING AND PROMOTE LIFE LONG CONNECTIONS TO THE VISUAL ARTS. NATIONALLY-RECOGNIZED PROGRAMS SUCH AS TARGET FIRST SATURDAYS HAVE HELPED BUILD ONE OF THE MOST DIVERSE AUDIENCES OF ANY MUSEUM IN THE NATION. EDUCATION PROGRAMS ARE CENTRAL TO THE MUSEUM'S MISSION OF FOCUSING AND ENRICHING THE EXPERIENCES OF OUR VISITORS. FORM 990, PART III, LINE 4D MERCHANDISE OPERATIONS THE BROOKLYN MUSEUM SHOP EXTENDS OUR VISITORS EXPERIENCE. OUR INVENTORY IS COMPRISED OF EXHIBITION-RELATED ITEMS, CATALOGUES AND OTHER PUBLICATIONS. FORM 990, PART VI, SECTION B, LINE 11b THE BROOKLYN MUSEUM'S BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY AND OVERSIGHT FOR THE FORM 990 TO THE FINANCE COMMITtee. THE FORM 990 IS PREPARED BY THE MUSEUM'S AUDITORS WITH DIRECT INPUT FROM THE MUSEUM'S ADMINISTRATION. A COMPLETE ELECTRONIC COPY OF THE FORM 990 IS SUPPLIED TO THE ENTIRE BOARD OF TRUSTEES FOR COMMENT PRIOR TO FILING. ADDITIONALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES ARE INVITED TO THE FINANCE COMMITTEE MEETING AT WHICH THE FINAL DRAFT OF THE FORM 990 IS REVIEWED and approved PRIOR TO BEING FILED WITH THE IRS. THE BOARD'S TREASURER SERVES AS THE CHAIR OF THE FINANCE COMMITTEE. PARTICIPATING IN THE REVIEW ARE THE BOARD CHAIR, VARIOUS OTHER OFFICERS OF THE BOARD AND SENIOR ADMINISTRATORS. FORM 990, PART VI, SECTION B, LINE 12C THE BROOKLYN MUSEUM HAS A CONFLICT OF INTEREST POLICY IN PLACE. THE POLICY AND DISCLOSURE GUIDELINES ARE DISTRIBUTED TO ALL TRUSTEES ON AN ANNUAL BASIS ALONG WITH A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSURE FORM THAT THEY MUST COMPLETE AND SIGN. COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE GENERAL COUNSEL, PRESIDENT AND CHIEF OPERATING OFFICER, AND THE CHAIR OF THE AUDIT COMMITtee. TRUSTEES WITH CONFLICTS OR POTENTIAL CONFLICTS MUST RECUSE THEMSELVES FROM RELATED DISCUSSIONS AND THE DECISION-MAKING PROCESS, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMINING COMPENSATION FOR SENIOR-LEVEL ADMINISTRATIVE AND KEY EMPLOYEES. COMPENSATION IS BASED UPON COMPARABLE DATA AND FUNCTIONALLY COMPARABLE POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS NATIONWIDE AS WELL AS MARKET-DRIVEN DATA FOR FUNCTIONS THAT FALL OUTSIDE MUSEUMS. COMPARABLE DATA INCLUDE INFORMATION FROM THE AAMD SURVEY, THE QUATT SURVEY, INFORMATION ON COMPARABLE INSTITUTIONS' 990S, AND APPROPRIATE MARKETPLACE SALARY COMPARISONS OUTSIDE THE FIELD. THE DIRECTOR'S and PRESIDENTS SALARies ARE BASED UPON CONTRACTS APPROVED BY THE TRUSTEES. THE BOARD AND COMPENSATION COMMITTEE CONDUCTED AN IN-DEPTH ANALYSIS OF THE DIRECTORS SALARY IN ACCORDANCE WITH THE PROCESS OUTLINED ABOVE. THIS PROCESS WAS LAST UNDERTAKEN IN FY 16. THE LEGAL DEPARTMENT KEEPS COPIES OF THE DETERMINATIONS AND RESULTS OF THE COMPENSATION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE BROOKLYN MUSEUMS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT MANAGEMENT'S DISCRETION. ADDITIONALLY, ITS IRS FORM 990 IS AVAILABLE TO THE PUBLIC ONLINE AT WWW.GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. FORM 990, PART X, LINE 9 CHANGE IN POSTRETIREMENT HEALTH BENEFITS $2,905,071 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS ($165,407) ---------- TOTAL FORM 990, LINE 9 ADJUSTMENT $2,739,664 FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE COMMITTEE SELECTED A NEW INDEPENDENT ACCOUNTING FIRM IN FISCAL YEAR 2018.