2018-05-13T18:26:20-05:00 2017-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2016-07-01 111672743 THE BROOKLYN INSTITUTE OF ARTS AND SCIENCES % SHANNON SHARP BROO 7185016200 200 EASTERN PARKWAY BROOKLYN NY 112386052 BARBARA M VOGELSTEIN chairman of board 7185016200 2018-05-11 true Scott Thompsett P00741490 2125990100 2018-05-11 2016 2022-09-23 18:48:47Z BROOKLYN MUSEUM anne pasternak 200 EASTERN PARKWAY BROOKLYN NY 112386052 50403684 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. 37 37 500 120 19238 27066392 20728101 3992660 5737596 8431649 5439031 1677894 1233997 41168595 33138725 0 0 0 0 24978670 27644852 56576 50400 3386934 14671182 16160737 39706428 43855989 1462167 -10717264 309646429 315077737 37318877 42952951 272327552 272124786 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. THROUGH GREAT ART AND COURAGEOUS CONVERSATIONS, OUR VISION IS TO PROMOTE (continued on Schedule O) false false 24681596 0 1831690 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) 6252461 0 1128050 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 FY17, 11 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. 1470235 0 2360606 PUBLIC AFFAIRS AND INFORMATION IN FY17, OVER 424,280 VISITORS EXPLORED OUR EXTRAORDINARY PERMANENT COLLECTIONS, ATTENDED SPECIAL EXHIBITIONS AND PARTICIPATED IN OUR PUBLIC PROGRAMS. 1129183 0 636320 MERCHANDISE OPERATIONS 1129183 0 636320 33533475 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 true false false false false false false false true 134 0 true 500 true true true false false false false true true false false false false X 37 37 false false true false false false false true true false false true true true true true true true true false NJ NY X SHANNON SHARP 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(AS OF 10/16) 2.0 0.0 X 0 0 0 TAMARA BELINFANTI TRUSTEE 2.0 0.0 X 0 0 0 LESLIE BELLER TRUSTEE (thru 10/17) 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 CONSTANCE L CHRISTENSEN TRUSTEE 2.0 0.0 X 0 0 0 ANDREW COGAN TRUSTEE(AS OF 01/17) 2.0 0.0 X 0 0 0 KATHARINE P DARROW TRUSTEE (THRU 07/16) 2.0 0.0 X 0 0 0 KASSEEM DEAN TRUSTEE 2.0 0.0 X 0 0 0 BARBARA KNOWLES DEBS TRUSTEE (THRU 06/17) 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 ESQ TRUSTEE 2.0 0.0 X 0 0 0 KAREN KIEHL TRUSTEE(AS OF 10/16) 2.0 0.0 X 0 0 0 TERRENCE P LAUGHLIN TRUSTEE(AS OF 06/17) 2.0 0.0 X 0 0 0 SUSANA TORRUELLA LEVAL TRUSTEE 2.0 0.0 X 0 0 0 LYNNE M MACGUIRE TRUSTEE 2.0 0.0 X 0 0 0 JEANNE MASEL TRUSTEE (THRU 07/16) 2.0 0.0 X 0 0 0 JOEL MALLIN TRUSTEE (AS OF 01/17) 2.0 0.0 X 0 0 0 RICHARD W MOORE ESQ TRUSTEE 2.0 0.0 X 0 0 0 VIK MUNIZ TRUSTEE 2.0 0.0 X 0 0 0 OTIS PRATT PEARSALL ESQ 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 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 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(AS OF 04/17) 2.0 0.0 X 0 0 0 SUSAN WEBER TRUSTEE (AS OF 01/17) 2.0 0.0 X 0 0 0 OLIVIA LAWRENCE WOLFE TRUSTEE (THRU 06/17) 2.0 0.0 X 0 0 0 MAYOR BILL DE BLASIO EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 SPEAKER MELISSA MARK-VIVERITO 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 PINKELPEARL EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 ANNE PASTERNAK SHELBY WHITE & LEON LEVY DIR. 35.0 0.0 X 532156 0 45766 DAVID L BERLINER PRESIDENT & COO 35.0 0.0 X 92574 0 311 FRANCESCA LISK GENERAL COUNSEL/asst secretary 35.0 0.0 X 183592 0 3669 KEVIN STAYTON thru 0716 DEPUTY DIRECTOR/DIR. HISTORY 35.0 0.0 X 285994 0 22146 JUDITH FRANKFURT thru 0716 DEPUTY DIR. FOR ADMINISTRATION 35.0 0.0 X 347057 0 41170 ANNA LEE thru 1116 VICE DIR. OF FINANCE & ADMIN. 35.0 0.0 X 152674 0 26522 NANCY SPECTOR thru 0317 DEPUTY DIR. & CHIEF CURATOR 35.0 0.0 X 170556 0 19231 FRANTZ VINCENT thru 0716 VICE DIRECTOR OF OPERATIONS 35.0 0.0 X 145310 0 14769 ANN WEBSTER thru 0317 VICE DIR. PLANNING & ARCHIT. 35.0 0.0 X 127657 0 26675 PAUL BESSIRE thru 0416 DEPUTY DIR. FOR DEVELOPMENT 35.0 0.0 X 139746 0 19898 2177316 0 220157 18 true true false GREAT PERFORMANCES 304 HUDSON STREET NEW YORK NY 10013 CATERING SERVICES 533414 JG ELECTRICAL TESTING CORP 3092 SHAFTO ROAD SUITE 13 TINTON FALLS NJ 07753 ELECTRICAL SERVICES 326595 NOUVEAU ELEVATOR INDUSTRIES 47-55 37TH STREET LONG ISLAND CITY NY 11101 ELEVATOR MAINTENANCE 296775 TRYSTATE MECHANICAL INC 241-02 NORTHERN BLVD DOUGLASTON NY 11362 MECHANICAL maint. 295366 laplaca cohen 43 west 24th street 10th floor NEW YORK NY 10010 mktg/ad placement 284930 21 956342 1982141 8146476 9643142 708409 20728101 EXHIBITION & OTHER INCOME 900099 2197442 1831690 365752 PUBLIC AFFAIRS AND INFORMATION 561499 2360606 2360606 SPECIAL EXHIBITIONS 611710 1128050 1128050 MEMBERSHIP DUES NTD 900099 51498 51498 5737596 1157744 19238 1138506 0 0 482971 126995 355976 0 355976 355976 19770778 28800 15518291 0 4252487 28800 4281287 4281287 240690 1982141 549617 -308927 -308927 0 0 0 1706376 1070056 636320 636320 CAFE REVENUE 900099 64239 64239 FEES 900099 486389 486389 550628 33138725 6008164 19238 6383222 0 0 0 0 1990910 227499 1274089 489322 0 14777854 12672285 789255 1316314 2259050 1723203 407082 128765 7000538 5340011 1261500 399027 1616500 1285365 167048 164087 0 56370 56370 95100 95100 75000 75000 50400 50400 115946 115946 2288131 1614075 374815 299241 657496 640362 9 17125 1912563 1512364 92659 307540 399792 103719 249182 46891 0 0 348855 303787 13007 32061 0 5744 3840 1609 295 0 0 5393843 5107430 241644 44769 496747 233755 262992 FOOD AND ENTERTAINMENT 309471 292628 16843 EXHIBIT & CATALOG FEES 296870 296870 ACQUIRING ART 347827 347827 RESEARCH AND CURATORIAL 193010 167754 17957 7299 3167972 1660701 1423473 83798 43855989 33533475 6935580 3386934 6111361 9054638 6094315 9483900 9462980 6572046 252912 665160 0 0 0 0 0 0 575077 665872 578355 1206547 228868231 55321000 175464369 173547231 89260235 69514835 19357063 42858249 0 0 0 0 2489762 1509259 309646429 315077737 4654532 4426622 0 0 905234 655886 0 0 0 0 0 0 0 4762283 0 0 31759111 33108160 37318877 42952951 X 150125167 134270017 76837347 68525521 45365038 69329248 272327552 272124786 309646429 315077737 X -10717264 8105210 -37933 2447221 X X false true X true false X 27571508 39543389 18923575 27066392 20728101 133832965 0 1962107 2181029 1987371 1688203 1716605 9535315 29533615 41724418 20910946 28754595 22444706 143368280 18343353 125024927 1508822 1581253 1674113 1922712 1640715 8327615 0 1352308 311140 484395 850758 791319 3789920 155485815 27951016 0.80409 0.74660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false false false true 75000 75000 false FORM 990, SCHEDULE C, PART II-B, LINE 1, LOBBYing ACTIVITIES IN FISCAL YEAR 2017, THE MUSEUM ENGAGED THIRD PARTY CONSULTANTS TO ENGAGE IN 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 $20,000 TOTAL $75,000 X X X X true 104796661 1011960 13232196 7422595 111618222 64362196 1722755 -729213 -39440923 104796661 63174262 2540816 28277 1381159 64362196 58824506 2248911 3597683 1496838 63174262 51269856 6492975 2392968 1331293 58824506 0.00000 0.79700 0.20300 false false 196407255 54445276 141961979 1739104 875724 863380 30721872 30721872 173547231 COMMINGLED FUNDS 12536960 F INTERNATIONAL EQUITY FUNDS 11381775 F HEDGE FUNDS 10544199 F FUNDS OF FUNDS 8395315 F 42858249 0 ACCRUED POSTRETIREMENT BENEFITS 33108160 33108160 X 45228119 8105210 1716605 636857 10458672 34769447 115946 -1746668 -1630722 33138725 45392952 1716605 1746668 3463273 41929679 115946 1810364 1926310 43855989 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. THE COMPONENTS OF THE MUSEUM'S COLLECTION, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASES AND GIFTS, 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 UNRESTRICTED OR DONOR-RESTRICTED NET ASSETS IN ACCORDANCE WITH DONOR RESTRICTIONS ON THE ASSETS USED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS BECAUSE THE MUSEUM DOES NOT HOLD COLLECTION ITEMS FOR SALE. PROCEEDS FROM DEACCESSIONS ARE ADDED TO UNRESTRICTED NET ASSETS AND ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. 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 FY17, 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 FY17, 424,280 VISITORS EXPLORED THE MUSEUM'S WIDE-RANGING COLLECTIONS. ADDITIONALLY, 11 SPECIAL EXHIBITIONS AND 16 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 FY17, 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 $2,447,221 Voluntary separation plan ($1,462,537) Acquisitions of works of art ($347,287) ------------ TOTAL SCHEDULE D, PART XI, LINE 2D ADJUSTMENT $636,857 FORM 990, SCHEDULE D, PART XI, LINE 4B COST OF GOODS SOLD ($1,070,056) FUNDRAISING EXPENSES ($549,617) RENTAL EXPENSES ($126,995) ------------ TOTAL SCHEDULE D, PART XI, LINE 4B ADJUSTMENT ($1,746,668) FORM 990, SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD $1,070,056 FUNDRAISING EXPENSES $549,617 RENTAL EXPENSES $126,995 ------------ TOTAL SCHEDULE D, PART XII, LINE 2D ADJUSTMENT $1,746,668 FORM 990, SCHEDULE D, PART XII, LINE 4B Voluntary separation plan $1,462,537 Acquisitions of works of art $347,287 ------------ TOTAL SCHEDULE D, PART XII, LINE 4B ADJUSTMENT $1,810,364 Central America and the Caribbean 0 0 Investments 11626556 Europe (Including Iceland and Greenland) 0 0 Investments 2052516 0 0 0 0 13679072 13679072 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 PENNINGTON GRAY LLC 319 LENOX AVENUE SOUTH ORANGE NJ 07079 STRATEGIC PLANNING false 434952 50400 384552 434952 50400 384552 NJ NY SPRING GALA 1687911 1548311 139600 53670 154016 110311 127655 WOMEN IN ARTS 250350 196750 53600 3785 40845 28646 2 284570 237080 47490 10698 15285 4706 2222831 1982141 240690 53670 168499 166441 161007 549617 -308927 FORM 990, SCHEDULE G, PART I, LINE 2B (COLUMN V) EXPLANATION FOR PAYMENT TO PENNINGTON GRAY, LLC - PENNINGTON GRAY, LLC PROVIDES DIRECT MARKETING CONSULTATION AND MANAGEMENT, THE CREATION AND PRODUCTION OF DIRECT MAIL PACKAGES, PACKAGE INSERTS, SPACE ADVERTISEMENTS, TELEMARKETING CAMPAIGNS, DIRECT RESPONSE TELEVISION, AND INTERNET-BASED MARKETING PROGRAMS PENNINGTON GRAY, LLC CHARGES A MONTHLY RETAINER FEE OF $4,200 FOR CONSULTATION SERVICES. THESE SERVICES WILL NOT BE ENGAGED IN FY18. X X X X X true false false false false false false false false ANNE PASTERNAK SHELBY WHITE & LEON LEVY DIR. 519981 0 0 0 12175 0 18448 0 27318 0 577922 0 0 0 FRANCESCA LISK GENERAL COUNSEL/asst secretary 183422 0 0 0 170 0 0 0 3669 0 187261 0 0 0 PAUL BESSIRE thru 0416 DEPUTY DIR. FOR DEVELOPMENT 120331 0 0 0 19415 0 2509 0 17389 0 159644 0 0 0 KEVIN STAYTON thru 0716 DEPUTY DIRECTOR/DIR. HISTORY 97431 0 0 0 188563 0 14769 0 7377 0 308140 0 0 0 JUDITH FRANKFURT thru 0716 DEPUTY DIR. FOR ADMINISTRATION 139509 0 0 0 207548 0 24000 0 17170 0 388227 0 0 0 ANNA LEE thru 1116 VICE DIR. OF FINANCE & ADMIN. 120402 0 0 0 32272 0 16794 0 9728 0 179196 0 0 0 NANCY SPECTOR thru 0317 DEPUTY DIR. & CHIEF CURATOR 165260 0 0 0 5296 0 1179 0 18052 0 189787 0 0 0 FRANTZ VINCENT thru 0716 VICE DIRECTOR OF OPERATIONS 112566 0 0 0 32744 0 0 0 14769 0 160079 0 0 0 ANN WEBSTER thru 0317 VICE DIR. PLANNING & ARCHIT. 122329 0 0 0 5328 0 6940 0 19735 0 154332 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 4A THE FOLLOWING INDIVIDUALS REPORTED ON THE MUSEUM'S FORM 990 RECEIVED SEVERANCE PAYMENTS IN CALENDAR YEAR 2016: JUDITH FRANKFURT - $77,205. KEVIN STAYTON - $80,068. ANNA LEE - $19,380. THESE AMOUNTS HAVE BEEN REPORTED IN SCHEDULE J, PART II, COLUMN B(III). X 122 X 12 708409 fmv 6 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 A MORE CONNECTED, CIVIC AND EMPATHETIC WORLD. THE BROOKLYN MUSEUM HOLDS ONE OF THE NATION'S MOST COMPREHENSIVE AND RENOWNED COLLECTIONS OF FINE ART, ENHANCED BY A DISTINGUISHED RECORD OF EXHIBITIONS, SCHOLARSHIP, AND SERVICE TO THE PUBLIC. WE HOLD OURSELVES TO THE HIGHEST STANDARDS OF CURATORIAL EXCELLENCE FROM GREAT ART AND ORIGINAL SHOWS TO BEAUTIFUL INSTALLATIONS AND CANON-EXPANDING SCHOLORSHIP. WE STRIVE TO CREATE AND PRESENT INSPIRATIONAL AND TRANSFORMATIVE ENGAGEMENT WITH OUR COLLECTIONS, EXHIBITIONS, PROGRAMMING AND EDUCATIONAL OFFERINGS, WELCOMING ALL VISITORS WITH RESPECT AND A TRUE SENSE OF HOSPITALITY. WE WORK TO BE CONSCIOUS OF THE NARRATIVES THAT SHAPE OUR VISITORS' VIEWS OF HISTORY AND THEIR PLACE IN THE WORLD AS WELL AS OUR OWN, AND WE SEEK OUT AND PROMOTE PERSPECTIVES THAT EXPAND THE STORIES WE TELL. WE BELIEVE THE MUSEUM IS A PLACE WHERE PEOPLE CAN SEE THEMSELVES WITH DIGNITY AND EACH OTHER WITH EMPATHY, CARE, AND RESPECT. AS A PUBLIC, CIVIC INSTITUTION WE BELIEVE IT IS OUR MANDATE TO CONTRIBUTE TO THE ADVANCEMENT OF SOCIETY WITH A COMMITMENT TO TRUE CONNECTEDNESS AND DIVERSITY. 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 FY17, 7 TRAVELING EXHIBITIONS were DRAWN FROM THE COLLECTION FOR PRESENTATION. EDUCATION - INNOVATIVE EDUCATION AND PUBLIC PROGRAMS SERVED APPROXIMATELY 155,995 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 A, LINE 4 KEY CHANGES INCLUDE THE FOLLOWING CONCEPTS: - ARTICLE II (BOARD OF TRUSTEES): - SECTION 3 - EX OFFICIO STATUS GIVEN TO BOTH THE DIRECTOR AND PRESIDENT & COO. - SECTION 4(D) - ADDED A PROVISION MAKING IT CLEAR THAT TRUSTEES MAY NOT VOTE BY PROXY (ny not-for-profit CORPORATION LAW DOESN'T PERMIT PROXY VOTING). - SECTION 6 - ADDED LANGUAGE AUTHORIZING BOARD TO APPOINT EMERITUS TRUSTEES. - SECTION 7 - ADDED LANGUAGE CLARIFYING THE REQUIREMENTS FOR REMOVAL OF TRUSTEES AND RESIGNATIONS FROM THE BOARD. - SECTION 9-10 - CLARIFIED NOTICE REQUIREMENTS FOR REMOVAL OF TRUSTEES RESIGNATIONS FROM THE BOARD. - ARTICLE III (COMMITTEES): - THIS IS THE AREA WITH THE GREATEST NUMBER OF CHANgES. most of the changes are for organization, clarity of process, and to bring our committee practices into more strict compliance with NY law. it explains the statutory difference between "Committees of the board" (i.e., only trustees and can bind the board) and "committees of the corporation" (i.e., non-trustees may participate and cannot bind the board) - section 1(b) - director and president & COO are ex officio members of all committees. - section 1(c) - lists all the committees of the board. - sections 2-13 - more detailed descriptions of each committee, including eliminating nominating committee and instead adding institutional advancement committee. - section 14 - clarification on procedural requirements for committee meetings. - article IV (officers): the revisions here reflect our current composition and add the president & chief operating officer position to the slate of officers. 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 $2,447,221 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 2017.